Proficio Capital Partners LLC Takes Position in ProShares UltraShort 20+ Year Treasury $TBT

Proficio Capital Partners LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 343,893 shares of the exchange traded fund’s stock, valued at approximately $12,016,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TBT. Osaic Holdings Inc. raised its stake in ProShares UltraShort 20+ Year Treasury by 442.0% during the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 663 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth $35,000. Raymond James Financial Inc. acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth $50,000. Group One Trading LLC grew its position in ProShares UltraShort 20+ Year Treasury by 529.8% during the first quarter. Group One Trading LLC now owns 8,231 shares of the exchange traded fund’s stock valued at $289,000 after acquiring an additional 6,924 shares during the period. Finally, IMC Chicago LLC acquired a new stake in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth about $390,000.

ProShares UltraShort 20+ Year Treasury Stock Performance

ProShares UltraShort 20+ Year Treasury stock opened at $38.15 on Tuesday. ProShares UltraShort 20+ Year Treasury has a 12 month low of $31.68 and a 12 month high of $39.32. The stock’s 50-day moving average is $37.00 and its 200-day moving average is $35.72.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a $0.2118 dividend. The ex-dividend date 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 yield of 2.2%.

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.