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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) declared a quarterly dividend on Tuesday, June 23rd. Investors of record on Wednesday, June 24th will be given a dividend of 0.2118 per share by the exchange traded fund on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend 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 Trading Down 0.5%

Shares of NYSEARCA:TBT opened at $35.14 on Wednesday. ProShares UltraShort 20+ Year Treasury has a 12 month low of $31.68 and a 12 month high of $38.37. The company’s fifty day moving average price is $35.75 and its 200 day moving average price is $34.89.

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.