ProShares Short 7-10 Treasury (NYSEARCA:TBX) Shares Break Above 50 Day Moving Average – Should You Sell?

ProShares Short 7-10 Treasury (NYSEARCA:TBX)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $29.47 and traded as high as $29.62. ProShares Short 7-10 Treasury shares last traded at $29.62, with a volume of 105,492 shares.

ProShares Short 7-10 Treasury Stock Performance

The firm has a 50 day moving average price of $29.47 and a two-hundred day moving average price of $28.59.

Institutional Investors Weigh In On ProShares Short 7-10 Treasury

A hedge fund recently bought a new position in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC purchased a new position in ProShares Short 7-10 Treasury (NYSEARCA:TBX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned approximately 8.65% of ProShares Short 7-10 Treasury at the end of the most recent reporting period.

About ProShares Short 7-10 Treasury

The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.