ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Cross Above 200-Day Moving Average – Here’s What Happened

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.91 and traded as high as $35.04. ProShares UltraShort 20+ Year Treasury shares last traded at $35.04, with a volume of 316,777 shares traded.

ProShares UltraShort 20+ Year Treasury Price Performance

The stock’s 50 day moving average is $34.11 and its two-hundred day moving average is $33.91.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TBT. Empowered Funds LLC acquired a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth approximately $2,161,000. Quadrature Capital Ltd increased its position in ProShares UltraShort 20+ Year Treasury by 810.7% during the 4th quarter. Quadrature Capital Ltd now owns 87,976 shares of the exchange traded fund’s stock worth $3,074,000 after purchasing an additional 78,316 shares in the last quarter. EFG International AG acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $1,046,000. HRT Financial LP bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter worth about $2,800,000. Finally, Goldman Sachs Group Inc. acquired a new stake in ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $856,000.

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.