ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Pass Above 200-Day Moving Average – Here’s What Happened

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.98 and traded as high as $35.05. ProShares UltraShort 20+ Year Treasury shares last traded at $34.96, with a volume of 192,661 shares traded.

ProShares UltraShort 20+ Year Treasury Stock Performance

The stock’s 50 day moving average price is $35.08 and its two-hundred day moving average price is $33.98.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.2549 per share. The ex-dividend date is Wednesday, March 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of ProShares UltraShort 20+ Year Treasury by 321.2% during the fourth quarter. JPMorgan Chase & Co. now owns 796 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 607 shares during the last quarter. Headlands Technologies LLC acquired a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter worth $148,000. Auour Investments LLC increased its position in ProShares UltraShort 20+ Year Treasury by 6.9% in the fourth quarter. Auour Investments LLC now owns 6,411 shares of the exchange traded fund’s stock worth $234,000 after buying an additional 413 shares during the period. Essex LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $243,000. Finally, Brave Asset Management Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at $264,000.

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.