PVG Asset Management Corp purchased a new stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) (NYSE:TBT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 84,827 shares of the exchange traded fund’s stock, valued at approximately $3,043,000. ProShares UltraShort Lehman 20+ Yr(ETF) makes up about 1.1% of PVG Asset Management Corp’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also added to or reduced their stakes in TBT. IFP Advisors Inc raised its stake in ProShares UltraShort Lehman 20+ Yr(ETF) by 1.3% during the second quarter. IFP Advisors Inc now owns 3,862 shares of the exchange traded fund’s stock valued at $139,000 after purchasing an additional 50 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in ProShares UltraShort Lehman 20+ Yr(ETF) by 27.8% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,600 shares of the exchange traded fund’s stock valued at $165,000 after purchasing an additional 1,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in ProShares UltraShort Lehman 20+ Yr(ETF) by 212.9% during the second quarter. JPMorgan Chase & Co. now owns 4,982 shares of the exchange traded fund’s stock valued at $179,000 after purchasing an additional 3,390 shares in the last quarter. Citigroup Inc. raised its stake in ProShares UltraShort Lehman 20+ Yr(ETF) by 1,187.0% during the second quarter. Citigroup Inc. now owns 5,148 shares of the exchange traded fund’s stock valued at $185,000 after purchasing an additional 4,748 shares in the last quarter. Finally, Alpha Cubed Investments LLC purchased a new stake in ProShares UltraShort Lehman 20+ Yr(ETF) during the second quarter valued at $215,000.

ProShares UltraShort Lehman 20+ Y (NYSE:TBT) traded up 0.72% during midday trading on Friday, reaching $36.14. 2,312,212 shares of the company were exchanged. ProShares UltraShort Lehman 20+ Y has a 52 week low of $32.99 and a 52 week high of $42.72. The firm’s 50 day moving average price is $34.68 and its 200-day moving average price is $36.33.

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ProShares UltraShort Lehman 20+ Yr(ETF) 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.

Institutional Ownership by Quarter for ProShares UltraShort Lehman 20+ Yr(ETF) (NYSE:TBT)

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