Stock Traders Purchase High Volume of ProShares UltraShort 20+ Year Treasury Call Options (NYSEARCA:TBT)

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) was the recipient of unusually large options trading on Monday. Stock traders acquired 4,478 call options on the stock. This represents an increase of 39% compared to the average volume of 3,219 call options.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of 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 acquiring an additional 2,002 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in ProShares UltraShort 20+ Year Treasury by 980.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock worth $34,115,000 after purchasing an additional 920,000 shares during the period. Royal Bank of Canada acquired a new stake in ProShares UltraShort 20+ Year Treasury in the 1st quarter valued at $697,000. OLD Mission Capital LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the first quarter valued at about $684,000. Finally, Auour Investments LLC raised its position in ProShares UltraShort 20+ Year Treasury by 11.7% in the first quarter. Auour Investments LLC now owns 7,163 shares of the exchange traded fund’s stock valued at $246,000 after purchasing an additional 752 shares during the period.

ProShares UltraShort 20+ Year Treasury Stock Up 1.8%

Shares of TBT traded up $0.68 during mid-day trading on Monday, reaching $37.62. The company had a trading volume of 147,390 shares, compared to its average volume of 572,097. ProShares UltraShort 20+ Year Treasury has a fifty-two week low of $28.00 and a fifty-two week high of $38.98. The firm has a fifty day simple moving average of $35.17 and a 200-day simple moving average of $35.16.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.2549 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.