ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Cross Above 200 Day Moving Average – Time to Sell?

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.81 and traded as high as $35.57. ProShares UltraShort 20+ Year Treasury shares last traded at $35.13, with a volume of 1,458,499 shares changing hands.

ProShares UltraShort 20+ Year Treasury Price Performance

The company’s 50-day simple moving average is $31.80 and its two-hundred day simple moving average is $32.77.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Hedge funds have recently modified their holdings of the stock. First National Corp MA ADV purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the 3rd quarter worth about $1,971,000. Park Edge Advisors LLC lifted its stake in ProShares UltraShort 20+ Year Treasury by 40.3% in the second quarter. Park Edge Advisors LLC now owns 210,328 shares of the exchange traded fund’s stock worth $7,248,000 after purchasing an additional 60,432 shares during the last quarter. Freedom Investment Management Inc. bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the third quarter valued at approximately $454,000. Verity Asset Management Inc. raised its holdings in shares of ProShares UltraShort 20+ Year Treasury by 4.0% in the third quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock worth $845,000 after buying an additional 1,082 shares during the period. Finally, Headlands Technologies LLC lifted its stake in shares of 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 acquiring an additional 324 shares during the last quarter.

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.