ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.55 and traded as high as $34.58. ProShares UltraShort 20+ Year Treasury shares last traded at $34.52, with a volume of 284,294 shares changing hands.

ProShares UltraShort 20+ Year Treasury Price Performance

The firm’s 50-day simple moving average is $34.26 and its two-hundred day simple moving average is $34.55.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised 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 worth $34,115,000 after acquiring an additional 920,000 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in ProShares UltraShort 20+ Year Treasury in the third quarter worth about $3,064,000. Jefferies Financial Group Inc. bought a new stake in ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth about $2,298,000. Milestone Asset Management LLC acquired a new position in ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at about $1,572,000. Finally, Group One Trading LLC acquired a new position in ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at about $920,000.

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.