ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Pass Above Two Hundred Day Moving Average – Here’s What Happened

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $34.79 and traded as high as $35.83. ProShares UltraShort 20+ Year Treasury shares last traded at $35.54, with a volume of 596,291 shares.

ProShares UltraShort 20+ Year Treasury Trading Up 0.5%

The stock has a fifty day moving average of $35.71 and a 200-day moving average of $34.79.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

A number of institutional investors have recently added to or reduced their stakes in TBT. Royal Bank of Canada purchased a new stake in ProShares UltraShort 20+ Year Treasury in the 1st quarter valued at approximately $697,000. Goldman Sachs Group Inc. boosted its holdings in ProShares UltraShort 20+ Year Treasury by 980.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock valued at $34,115,000 after purchasing an additional 920,000 shares in the last quarter. Empowered Funds LLC boosted its holdings in ProShares UltraShort 20+ Year Treasury by 5.5% in the 1st quarter. Empowered Funds LLC now owns 38,234 shares of the exchange traded fund’s stock valued at $1,287,000 after purchasing an additional 2,002 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in ProShares UltraShort 20+ Year Treasury by 2,819.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,632 shares of the exchange traded fund’s stock valued at $478,000 after purchasing an additional 13,165 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at 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.