ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above 200 Day Moving Average – Here’s Why

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $34.37 and traded as high as $37.52. ProShares UltraShort 20+ Year Treasury shares last traded at $37.42, with a volume of 1,072,000 shares trading hands.

ProShares UltraShort 20+ Year Treasury Stock Up 3.1%

The business’s fifty day moving average is $35.14 and its 200-day moving average is $34.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of ProShares UltraShort 20+ Year Treasury by 980.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock valued at $34,115,000 after acquiring an additional 920,000 shares during the period. UBS Group AG lifted its position in ProShares UltraShort 20+ Year Treasury by 2,299.2% during the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock valued at $3,219,000 after purchasing an additional 88,291 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in ProShares UltraShort 20+ Year Treasury during the third quarter valued at $3,064,000. Quadrature Capital Ltd grew its holdings in ProShares UltraShort 20+ Year Treasury by 810.7% during the fourth quarter. Quadrature Capital Ltd now owns 87,976 shares of the exchange traded fund’s stock valued at $3,074,000 after purchasing an additional 78,316 shares during the period. Finally, HRT Financial LP bought a new stake in ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at about $2,800,000.

About ProShares UltraShort 20+ Year Treasury

ProShares UltraShort 20+ Year Treasury (the Fund), formerly ProShares UltraShort Lehman 20+ Year Treasury, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in United States dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by Standard & Poor’s (S&P)), are fixed rate, and have more than $250 million par outstanding.