ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Trading Down 0.9% – Here’s What Happened

Shares of ProShares Short 20+ Year Treasury (NYSEARCA:TBF) traded down 0.9% on Tuesday . The stock traded as low as $23.25 and last traded at $23.39. 240,798 shares were traded during mid-day trading, an increase of 16% from the average session volume of 207,408 shares. The stock had previously closed at $23.60.

ProShares Short 20+ Year Treasury Trading Down 0.9 %

The business’s 50-day moving average price is $24.06 and its 200-day moving average price is $23.78.

ProShares Short 20+ Year Treasury Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be paid a dividend of $0.2114 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Mariner LLC purchased a new stake in shares of ProShares Short 20+ Year Treasury during the fourth quarter worth approximately $205,000. Global View Capital Management LLC purchased a new position in ProShares Short 20+ Year Treasury during the 4th quarter worth $380,000. Farringdon Capital Ltd. acquired a new stake in shares of ProShares Short 20+ Year Treasury in the 4th quarter worth $401,000. Stratos Wealth Partners LTD. acquired a new stake in shares of ProShares Short 20+ Year Treasury in the 4th quarter worth $480,000. Finally, Bank of America Corp DE purchased a new stake in shares of ProShares Short 20+ Year Treasury in the fourth quarter valued at about $493,000.

About ProShares Short 20+ Year Treasury

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day.