Essex LLC Invests $243,000 in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Essex LLC acquired a new position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 6,640 shares of the exchange traded fund’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Camelot Technology Advisors Inc. boosted its holdings in ProShares UltraShort 20+ Year Treasury by 1.1% in the 4th 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. Verity Asset Management Inc. lifted its stake 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 valued at $845,000 after buying an additional 1,082 shares during the period. Brave Asset Management Inc. bought a new stake in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at about $264,000. Freedom Investment Management Inc. bought a new position in ProShares UltraShort 20+ Year Treasury during the third quarter valued at about $454,000. Finally, Empowered Funds LLC acquired a new position in ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at approximately $1,327,000.

ProShares UltraShort 20+ Year Treasury Trading Up 1.6 %

Shares of TBT stock opened at $35.14 on Friday. ProShares UltraShort 20+ Year Treasury has a 12 month low of $28.00 and a 12 month high of $38.98. The stock has a 50 day moving average of $35.83 and a two-hundred day 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.