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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.66 and traded as high as $38.09. ProShares UltraShort 20+ Year Treasury shares last traded at $37.99, with a volume of 620,867 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Performance

The stock has a fifty day simple moving average of $34.70 and a 200-day simple moving average of $32.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TBT. First National Corp MA ADV acquired a new position in ProShares UltraShort 20+ Year Treasury in the third quarter worth $1,971,000. Freedom Investment Management Inc. acquired a new position in ProShares UltraShort 20+ Year Treasury during the 3rd quarter worth about $454,000. Verity Asset Management Inc. grew its holdings in ProShares UltraShort 20+ Year Treasury by 4.0% during the 3rd quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock worth $845,000 after acquiring an additional 1,082 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in ProShares UltraShort 20+ Year Treasury by 60.7% in the 2nd quarter. Headlands Technologies LLC now owns 858 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 324 shares in 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.