ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Trading Up 0.1% – Time to Buy?

Shares of ProShares Short 20+ Year Treasury (NYSEARCA:TBF) traded up 0.1% on Thursday . The stock traded as high as $23.95 and last traded at $23.95. 406,854 shares changed hands during mid-day trading, an increase of 134% from the average session volume of 174,073 shares. The stock had previously closed at $23.93.

ProShares Short 20+ Year Treasury Stock Performance

The firm has a 50-day moving average of $24.52 and a 200 day moving average of $24.19.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

A number of institutional investors and hedge funds have recently modified their holdings of TBF. Simplex Trading LLC bought a new stake in shares of ProShares Short 20+ Year Treasury in the 4th quarter valued at $68,000. Kestra Advisory Services LLC bought a new position in ProShares Short 20+ Year Treasury during the fourth quarter worth $72,000. Group One Trading LLC bought a new position in ProShares Short 20+ Year Treasury during the second quarter worth $73,000. Royal Bank of Canada acquired a new stake in ProShares Short 20+ Year Treasury in the first quarter worth $160,000. Finally, Mariner LLC acquired a new stake in ProShares Short 20+ Year Treasury in the fourth quarter worth $201,000.

About ProShares Short 20+ Year Treasury

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, 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, are fixed rate, and have more than $250 million par outstanding.