Capital Investment Counsel Inc Lowers Holdings in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Capital Investment Counsel Inc lowered its position in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,850 shares of the exchange traded fund’s stock after selling 3,600 shares during the period. Capital Investment Counsel Inc’s holdings in ProShares UltraShort 20+ Year Treasury were worth $267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Forte Asset Management LLC purchased a new position in ProShares UltraShort 20+ Year Treasury during the 4th quarter valued at about $453,000. Ellsworth Advisors LLC purchased a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at approximately $513,000. Park Edge Advisors LLC purchased a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at approximately $2,840,000. EP Wealth Advisors LLC bought a new position in ProShares UltraShort 20+ Year Treasury in the third quarter worth approximately $214,000. Finally, Camarda Financial Advisors LLC lifted its holdings in ProShares UltraShort 20+ Year Treasury by 128.8% during the third quarter. Camarda Financial Advisors LLC now owns 133,440 shares of the exchange traded fund’s stock worth $5,234,000 after buying an additional 75,115 shares during the period.

ProShares UltraShort 20+ Year Treasury Stock Down 1.7 %

Shares of NYSEARCA TBT opened at $37.26 on Tuesday. ProShares UltraShort 20+ Year Treasury has a 12-month low of $27.52 and a 12-month high of $44.96. The stock’s fifty day simple moving average is $34.72 and its two-hundred day simple moving average is $35.04.

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.