ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Announces Dividend Increase – $0.21 Per Share

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) declared a quarterly dividend on Tuesday, June 23rd. Shareholders of record on Wednesday, June 24th will be paid a dividend of 0.2118 per share by the exchange traded fund on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, June 24th. This is a 25.2% increase from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17.

ProShares UltraShort 20+ Year Treasury Price Performance

Shares of TBT stock opened at $35.14 on Wednesday. ProShares UltraShort 20+ Year Treasury has a 52-week low of $31.68 and a 52-week high of $38.37. The company’s 50 day moving average is $35.75 and its 200 day moving average is $34.89.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in ProShares UltraShort 20+ Year Treasury by 980.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock valued at $34,115,000 after buying an additional 920,000 shares during the last quarter. UBS Group AG raised its holdings in shares of ProShares UltraShort 20+ Year Treasury by 2,299.2% in the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock worth $3,219,000 after buying an additional 88,291 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth $3,064,000. Quadrature Capital Ltd lifted its stake in shares of ProShares UltraShort 20+ Year Treasury by 810.7% during the fourth quarter. Quadrature Capital Ltd now owns 87,976 shares of the exchange traded fund’s stock worth $3,074,000 after buying an additional 78,316 shares during the period. Finally, HRT Financial LP purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at $2,800,000.

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.