ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Cross Above Two Hundred Day Moving Average – What’s Next?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.93 and traded as high as $36.48. ProShares UltraShort 20+ Year Treasury shares last traded at $36.30, with a volume of 306,590 shares trading hands.

ProShares UltraShort 20+ Year Treasury Trading Down 0.2%

The stock’s fifty day moving average is $35.80 and its 200-day moving average is $34.93.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.2118 per share. This is a boost from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. This represents a $0.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, June 24th.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the first quarter valued at approximately $697,000. Goldman Sachs Group Inc. boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 980.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock worth $34,115,000 after acquiring an additional 920,000 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 5.5% in the first quarter. Empowered Funds LLC now owns 38,234 shares of the exchange traded fund’s stock worth $1,287,000 after acquiring an additional 2,002 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of ProShares UltraShort 20+ Year Treasury by 2,819.1% during the second quarter. JPMorgan Chase & Co. now owns 13,632 shares of the exchange traded fund’s stock worth $478,000 after purchasing an additional 13,165 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the second quarter worth approximately $50,000.

ProShares UltraShort 20+ Year Treasury Company Profile

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.