Dynamic Advisor Solutions LLC Purchases 28,180 Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Dynamic Advisor Solutions LLC increased its position in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 12.1% during the second quarter, HoldingsChannel.com reports. The fund owned 261,088 shares of the exchange traded fund’s stock after acquiring an additional 28,180 shares during the period. Dynamic Advisor Solutions LLC’s holdings in ProShares UltraShort 20+ Year Treasury were worth $4,916,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Institutional & Family Asset Management LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter worth $159,000. Prospera Financial Services Inc bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter worth $272,000. Valley National Advisers Inc. bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter worth $305,000. Meridian Wealth Management LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter worth $246,000. Finally, Kingfisher Capital LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter worth $8,087,000.

Shares of NYSEARCA:TBT traded up $0.18 during trading on Wednesday, reaching $16.99. The company had a trading volume of 122,250 shares, compared to its average volume of 4,097,890. ProShares UltraShort 20+ Year Treasury has a 12 month low of $15.31 and a 12 month high of $22.60. The company has a fifty day moving average of $17.49 and a two-hundred day moving average of $19.45.

ProShares UltraShort 20+ Year Treasury 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.

Further Reading: Trading Strategy

Want to see what other hedge funds are holding TBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT).

Institutional Ownership by Quarter for ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Receive News & Ratings for ProShares UltraShort 20+ Year Treasury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort 20+ Year Treasury and related companies with MarketBeat.com's FREE daily email newsletter.