J. Safra Sarasin Holding AG Invests $2.22 Million in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

J. Safra Sarasin Holding AG purchased a new stake in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 60,677 shares of the exchange traded fund’s stock, valued at approximately $2,222,000. J. Safra Sarasin Holding AG owned approximately 0.60% of ProShares UltraShort 20+ Year Treasury at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. First National Corp MA ADV boosted its stake in ProShares UltraShort 20+ Year Treasury by 244.2% in the fourth quarter. First National Corp MA ADV now owns 227,798 shares of the exchange traded fund’s stock valued at $8,342,000 after acquiring an additional 161,610 shares during the last quarter. Simplex Trading LLC boosted its position in shares of ProShares UltraShort 20+ Year Treasury by 1,958.7% in the 4th quarter. Simplex Trading LLC now owns 93,671 shares of the exchange traded fund’s stock worth $3,430,000 after purchasing an additional 89,121 shares during the last quarter. Client First Investment Management LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at about $3,210,000. Empowered Funds LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at about $1,327,000. Finally, Camelot Technology Advisors Inc. lifted its stake in ProShares UltraShort 20+ Year Treasury by 1.1% in the fourth quarter. Camelot Technology Advisors Inc. now owns 25,883 shares of the exchange traded fund’s stock valued at $948,000 after buying an additional 271 shares during the period.

ProShares UltraShort 20+ Year Treasury Stock Down 1.2 %

Shares of TBT stock opened at $36.86 on Wednesday. The stock has a 50-day moving average of $34.59 and a 200-day moving average of $34.76. ProShares UltraShort 20+ Year Treasury has a one year low of $28.00 and a one year high of $38.98.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.2549 dividend. The ex-dividend date was Wednesday, March 26th.

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.