ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Pass Above 200-Day Moving Average – What’s Next?

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.16 and traded as high as $37.97. ProShares UltraShort 20+ Year Treasury shares last traded at $37.97, with a volume of 364,042 shares trading hands.

ProShares UltraShort 20+ Year Treasury Stock Up 1.3%

The firm has a 50 day simple moving average of $35.99 and a 200-day simple moving average of $35.19.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were issued a $0.2118 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TBT. Goldman Sachs Group Inc. lifted its position in ProShares UltraShort 20+ Year Treasury by 980.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock valued at $34,115,000 after acquiring an additional 920,000 shares during the last quarter. UBS Group AG boosted its stake in ProShares UltraShort 20+ Year Treasury by 2,299.2% in the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock valued at $3,219,000 after acquiring an additional 88,291 shares in the last quarter. HRT Financial LP acquired a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $2,800,000. J. Safra Sarasin Holding AG purchased a new position in ProShares UltraShort 20+ Year Treasury in the first quarter worth $2,786,000. Finally, Quadrature Capital Ltd grew its holdings in ProShares UltraShort 20+ Year Treasury by 810.7% in the fourth quarter. Quadrature Capital Ltd now owns 87,976 shares of the exchange traded fund’s stock worth $3,074,000 after purchasing an additional 78,316 shares during the last quarter.

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.