ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Cross Above Two Hundred Day Moving Average – What’s Next?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.32 and traded as high as $38.13. ProShares UltraShort 20+ Year Treasury shares last traded at $38.08, with a volume of 153,892 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Up 1.5%

The company’s fifty day simple moving average is $36.15 and its two-hundred day simple moving average is $35.32.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were given a $0.2118 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This is a positive change from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. This represents a $0.85 annualized dividend and a dividend yield of 2.2%.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

Hedge funds have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at $35,000. Royal Bank of Canada acquired a new position in ProShares UltraShort 20+ Year Treasury in the 1st quarter valued at $394,000. Renaissance Technologies LLC increased its position in ProShares UltraShort 20+ Year Treasury by 44.1% during the 1st quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock worth $2,263,000 after buying an additional 19,700 shares during the period. Group One Trading LLC increased its position in ProShares UltraShort 20+ Year Treasury by 529.8% during the 1st quarter. Group One Trading LLC now owns 8,231 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 6,924 shares during the period. Finally, IMC Chicago LLC lifted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 12.3% during the first quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 1,369 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.