ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders acquired 2,738 call options on the stock. This is an increase of approximately 100% compared to the average daily volume of 1,366 call options.
Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth $12,016,000. J. Safra Sarasin Holding AG acquired a new stake in ProShares UltraShort 20+ Year Treasury during the 1st quarter valued at approximately $2,786,000. Renaissance Technologies LLC lifted its stake in ProShares UltraShort 20+ Year Treasury by 44.1% during the 1st quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock valued at $2,263,000 after acquiring an additional 19,700 shares during the period. WealthPlan Investment Management LLC boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 16.7% in the 3rd quarter. WealthPlan Investment Management LLC now owns 35,000 shares of the exchange traded fund’s stock valued at $1,487,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Camelot Technology Advisors Inc. boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 9.8% in the 3rd quarter. Camelot Technology Advisors Inc. now owns 25,075 shares of the exchange traded fund’s stock valued at $1,065,000 after acquiring an additional 2,228 shares during the last quarter.
ProShares UltraShort 20+ Year Treasury Trading Down 2.4%
TBT traded down $0.95 during trading on Thursday, hitting $38.87. 113,299 shares of the stock were exchanged, compared to its average volume of 426,158. ProShares UltraShort 20+ Year Treasury has a 1 year low of $31.75 and a 1 year high of $43.77. The firm has a 50 day simple moving average of $39.71 and a 200 day simple moving average of $37.34.
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.
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