ProShares Short 7-10 Treasury (NYSEARCA:TBX) Stock Cross Above 200-Day Moving Average – Here’s Why

ProShares Short 7-10 Treasury (NYSEARCA:TBX) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $28.74 and traded as high as $29.58. ProShares Short 7-10 Treasury shares last traded at $29.58, with a volume of 14,624 shares trading hands.

ProShares Short 7-10 Treasury Stock Performance

The firm’s 50-day moving average is $29.34 and its 200-day moving average is $28.76.

Hedge Funds Weigh In On ProShares Short 7-10 Treasury

An institutional investor recently bought a new stake in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC acquired a new stake in shares of ProShares Short 7-10 Treasury (NYSEARCA:TBX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned about 8.65% of ProShares Short 7-10 Treasury at the end of the most recent quarter.

About ProShares Short 7-10 Treasury

The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.