ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Stock Price Cross Above 50-Day Moving Average – Here’s What Happened

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $25.97 and traded as high as $26.19. ProShares Short 20+ Year Treasury shares last traded at $26.11, with a volume of 455,852 shares trading hands.

ProShares Short 20+ Year Treasury Stock Up 1.5%

The stock’s 50 day moving average price is $25.97 and its two-hundred day moving average price is $24.87.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Several hedge funds have recently added to or reduced their stakes in TBF. Global Retirement Partners LLC purchased a new position in shares of ProShares Short 20+ Year Treasury during the 3rd quarter valued at about $159,000. Simplex Trading LLC purchased a new position in ProShares Short 20+ Year Treasury during the third quarter valued at approximately $112,000. Verity Asset Management Inc. purchased a new stake in ProShares Short 20+ Year Treasury in the 3rd quarter worth approximately $430,000. Hourglass Capital LLC acquired a new stake in shares of ProShares Short 20+ Year Treasury during the 3rd quarter worth approximately $1,437,000. Finally, Private Wealth Partners LLC purchased a new position in shares of ProShares Short 20+ Year Treasury during the 3rd quarter valued at approximately $268,000.

ProShares Short 20+ Year Treasury Company Profile

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, 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, are fixed rate, and have more than $250 million par outstanding.