ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Cross Above 200-Day Moving Average – Should You Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $33.03 and traded as high as $36.61. ProShares UltraShort 20+ Year Treasury shares last traded at $36.19, with a volume of 282,648 shares.

ProShares UltraShort 20+ Year Treasury Stock Up 0.4 %

The stock has a fifty day moving average price of $35.52 and a 200-day moving average price of $33.03.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Several hedge funds have recently bought and sold shares of the company. Essex LLC acquired a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $243,000. Brave Asset Management Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $264,000. Freedom Investment Management Inc. acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the third quarter worth approximately $454,000. Camelot Technology Advisors Inc. grew its holdings in ProShares UltraShort 20+ Year Treasury by 1.1% in the fourth quarter. Camelot Technology Advisors Inc. now owns 25,883 shares of the exchange traded fund’s stock valued at $948,000 after purchasing an additional 271 shares during the period. Finally, Verity Asset Management Inc. increased its position in ProShares UltraShort 20+ Year Treasury by 4.0% during the third quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock worth $845,000 after purchasing an additional 1,082 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.