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

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $36.67 and traded as high as $42.78. ProShares UltraShort 20+ Year Treasury shares last traded at $42.49, with a volume of 398,773 shares trading hands.

ProShares UltraShort 20+ Year Treasury Trading Up 0.9%

The company’s fifty day simple moving average is $38.70 and its 200-day simple moving average is $36.72.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Several institutional investors have recently bought and sold shares of TBT. Tidal Investments LLC bought a new stake in ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at $512,000. Proficio Capital Partners LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth $12,016,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth $35,000. Royal Bank of Canada bought a new stake in ProShares UltraShort 20+ Year Treasury during the first quarter valued at about $394,000. Finally, Renaissance Technologies LLC grew its stake in ProShares UltraShort 20+ Year Treasury by 44.1% in the first quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock valued at $2,263,000 after purchasing an additional 19,700 shares during the last quarter.

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.