ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Stock Price Down 0.2% – Time to Sell?

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $24.48 and last traded at $24.54. Approximately 223,880 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 162,532 shares. The stock had previously closed at $24.60.

ProShares Short 20+ Year Treasury Stock Performance

The firm has a 50 day moving average price of $24.48 and a two-hundred day moving average price of $24.13.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

A number of institutional investors have recently bought and sold shares of TBF. Royal Bank of Canada purchased a new position in shares of ProShares Short 20+ Year Treasury in the first quarter worth approximately $416,000. JPMorgan Chase & Co. boosted its stake in ProShares Short 20+ Year Treasury by 264,650.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,770 shares of the company’s stock worth $768,000 after purchasing an additional 31,758 shares during the period. Jane Street Group LLC boosted its stake in ProShares Short 20+ Year Treasury by 181.6% in the 2nd quarter. Jane Street Group LLC now owns 183,586 shares of the company’s stock worth $4,437,000 after purchasing an additional 118,386 shares during the period. Group One Trading LLC purchased a new position in ProShares Short 20+ Year Treasury during the 2nd quarter worth approximately $73,000. Finally, Shepherd Kaplan Krochuk LLC purchased a new position in ProShares Short 20+ Year Treasury during the 3rd quarter worth approximately $407,000.

About ProShares Short 20+ Year Treasury

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, 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, are fixed rate, and have more than $250 million par outstanding.