ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Price Pass Above 200-Day Moving Average – Time to Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.70 and traded as high as $34.94. ProShares UltraShort 20+ Year Treasury shares last traded at $34.94, with a volume of 280,070 shares.

ProShares UltraShort 20+ Year Treasury Stock Up 1.8%

The company has a 50 day simple moving average of $33.84 and a two-hundred day simple moving average of $34.70.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada bought a new stake in ProShares UltraShort 20+ Year Treasury in the 1st quarter valued at $697,000. Goldman Sachs Group Inc. grew its position in shares of ProShares UltraShort 20+ Year Treasury by 980.5% during the first 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 increased its holdings 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 purchasing an additional 2,002 shares during the last quarter. Camelot Technology Advisors Inc. lifted its position in shares of ProShares UltraShort 20+ Year Treasury by 24.7% in the second quarter. Camelot Technology Advisors Inc. now owns 32,275 shares of the exchange traded fund’s stock worth $1,132,000 after buying an additional 6,392 shares in the last quarter. Finally, Milestone Asset Management LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the second quarter worth about $1,572,000.

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.