Gruss & Co. LLC Has $447,000 Stock Position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Gruss & Co. LLC trimmed its holdings in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 14.3% in the third quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the exchange traded fund’s stock after selling 2,500 shares during the quarter. ProShares UltraShort 20+ Year Treasury makes up 3.5% of Gruss & Co. LLC’s holdings, making the stock its 10th largest holding. Gruss & Co. LLC’s holdings in ProShares UltraShort 20+ Year Treasury were worth $447,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TBT. Park Edge Advisors LLC increased its stake in ProShares UltraShort 20+ Year Treasury by 59.4% during the 1st quarter. Park Edge Advisors LLC now owns 149,896 shares of the exchange traded fund’s stock worth $4,941,000 after purchasing an additional 55,845 shares in the last quarter. Auour Investments LLC bought a new stake in ProShares UltraShort 20+ Year Treasury during the 1st quarter worth approximately $203,000. BNP Paribas Financial Markets bought a new stake in ProShares UltraShort 20+ Year Treasury during the 1st quarter worth approximately $19,866,000. Headlands Technologies LLC increased its stake in ProShares UltraShort 20+ Year Treasury by 60.7% during the 2nd quarter. Headlands Technologies LLC now owns 858 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 324 shares in the last quarter. Finally, First National Corp MA ADV bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the 3rd quarter worth approximately $1,971,000.

ProShares UltraShort 20+ Year Treasury Price Performance

Shares of TBT traded up $0.64 during mid-day trading on Thursday, hitting $32.19. 35,527 shares of the company’s stock were exchanged, compared to its average volume of 742,624. ProShares UltraShort 20+ Year Treasury has a 52 week low of $28.00 and a 52 week high of $44.96. The company has a 50-day simple moving average of $30.22 and a 200 day simple moving average of $33.16.

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.