ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 28,375 shares of the exchange traded fund’s stock after buying an additional 1,082 shares during the quarter. Verity Asset Management Inc.’s holdings in ProShares UltraShort 20+ Year Treasury were worth $845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its position 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 purchasing an additional 324 shares during the last quarter. First National Corp MA ADV purchased a new position in ProShares UltraShort 20+ Year Treasury during the third quarter worth about $1,971,000. Finally, Park Edge Advisors LLC boosted its stake in ProShares UltraShort 20+ Year Treasury by 40.3% during the second quarter. Park Edge Advisors LLC now owns 210,328 shares of the exchange traded fund’s stock worth $7,248,000 after buying an additional 60,432 shares during the period.

ProShares UltraShort 20+ Year Treasury Price Performance

Shares of NYSEARCA TBT opened at $34.21 on Friday. The business’s 50 day moving average is $31.27 and its two-hundred day moving average is $32.94. ProShares UltraShort 20+ Year Treasury has a 52-week low of $28.00 and a 52-week high of $40.26.

ProShares UltraShort 20+ Year Treasury 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.