Renaissance Technologies LLC Boosts Stock Position in ProShares UltraShort 20+ Year Treasury $TBT

Renaissance Technologies LLC boosted its stake in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 44.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,400 shares of the exchange traded fund’s stock after acquiring an additional 19,700 shares during the quarter. Renaissance Technologies LLC owned about 0.78% of ProShares UltraShort 20+ Year Treasury worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings in shares of ProShares UltraShort 20+ Year Treasury by 442.0% in the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 663 shares during the period. IMC Chicago LLC lifted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 12.3% during the first quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 1,369 shares during the period. Raymond James Financial Inc. purchased a new position in ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at $50,000. Empowered Funds LLC grew its position in ProShares UltraShort 20+ Year Treasury by 5.5% in the 1st quarter. Empowered Funds LLC now owns 38,234 shares of the exchange traded fund’s stock valued at $1,287,000 after buying an additional 2,002 shares during the last quarter. Finally, Auour Investments LLC grew its position in ProShares UltraShort 20+ Year Treasury by 22.3% in the 1st quarter. Auour Investments LLC now owns 11,565 shares of the exchange traded fund’s stock valued at $406,000 after buying an additional 2,107 shares during the last quarter.

ProShares UltraShort 20+ Year Treasury Price Performance

Shares of TBT opened at $38.45 on Tuesday. ProShares UltraShort 20+ Year Treasury has a 1 year low of $31.68 and a 1 year high of $38.80. The company’s fifty day moving average is $36.25 and its two-hundred day moving average is $35.36.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The company also recently announced 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 of this dividend was Wednesday, June 24th. This is a positive change from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. This represents a $0.85 annualized dividend and a dividend yield of 2.2%.

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.