ProShares UltraShort Lehman 20+ Yr(ETF) (NYSE:TBT) was the target of some unusual options trading activity on Thursday. Traders acquired 10,697 put options on the stock. This is an increase of approximately 376% compared to the typical volume of 2,247 put options.

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 1.3% during the second quarter. IFP Advisors Inc now owns 3,862 shares of the exchange traded fund’s stock worth $139,000 after buying an additional 50 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 27.8% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,600 shares of the exchange traded fund’s stock worth $165,000 after buying an additional 1,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 212.9% during the second quarter. JPMorgan Chase & Co. now owns 4,982 shares of the exchange traded fund’s stock worth $179,000 after buying an additional 3,390 shares in the last quarter. Citigroup Inc. grew its holdings in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 1,187.0% during the second quarter. Citigroup Inc. now owns 5,148 shares of the exchange traded fund’s stock worth $185,000 after buying an additional 4,748 shares in the last quarter. Finally, Alpha Cubed Investments LLC purchased a new stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) during the second quarter worth about $215,000.

Shares of ProShares UltraShort Lehman 20+ Y (NYSE:TBT) opened at 34.12 on Tuesday. ProShares UltraShort Lehman 20+ Y has a 1-year low of $30.87 and a 1-year high of $42.72. The stock has a 50 day moving average of $35.02 and a 200 day moving average of $37.04.

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About ProShares UltraShort Lehman 20+ Yr(ETF)

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.

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