ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.65 and traded as high as $37.54. ProShares UltraShort 20+ Year Treasury shares last traded at $37.34, with a volume of 207,883 shares trading hands.

ProShares UltraShort 20+ Year Treasury Trading Up 0.8%

The business has a fifty day moving average of $36.88 and a 200-day moving average of $35.67.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.2118 per share. This is a positive change from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 24th. This represents a $0.85 annualized dividend and a dividend yield of 2.2%.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Several hedge funds have recently made changes to their positions in TBT. Royal Bank of Canada bought a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter worth approximately $697,000. Goldman Sachs Group Inc. grew its position in 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 buying an additional 920,000 shares during the last quarter. Empowered Funds LLC grew its position in 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 buying an additional 2,002 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ProShares UltraShort 20+ Year Treasury by 2,819.1% in the second quarter. JPMorgan Chase & Co. now owns 13,632 shares of the exchange traded fund’s stock valued at $478,000 after buying an additional 13,165 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the second quarter valued at $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.