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

On October 25, 2024, ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) saw its share price rise above its two hundred day moving average during trading. The stock's two hundred day moving average is currently set at $33.11. On that day, it reached a high of $33.86 before settling at $33.29, with a total trading volume of 320,812 shares.

Share Price Performance

Despite this upward movement, ProShares UltraShort 20+ Year Treasury shares have experienced a decline of 1.5%. The stock has a fifty day moving average price of $30.50, indicating a notable increase in recent trading activities compared to its longer-term average.

Hedge Funds Adjusting Positions

Recent activities among large investors reflect a shift in positions surrounding ProShares UltraShort 20+ Year Treasury. For example, Headlands Technologies LLC boosted its stake by 60.7% during the second quarter, increasing its holdings to 858 shares valued at approximately $30,000 after adding 324 shares in the last quarter. Auour Investments LLC also entered the scene with a new position in the first quarter worth around $203,000. Additionally, First National Corp MA ADV acquired a new stake valued at approximately $1,971,000 in the third quarter. Park Edge Advisors LLC increased its stake by 59.4% in the first quarter, amassing 149,896 shares valued at about $4,941,000. Lastly, BNP Paribas Financial Markets made a significant investment by acquiring a new stake in the first quarter, valued at approximately $19,866,000.

Understanding ProShares UltraShort 20+ Year Treasury

The ProShares UltraShort 20+ Year Treasury (the Fund) aims to achieve daily investment results that are twice (200%) the inverse of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index. This Index encompasses publicly issued U.S. Treasury securities with a remaining maturity exceeding 20 years, which are non-convertible, denominated in U.S. dollars, and rated investment grade (at least Baa3 by Moody's or BBB- by S&P). These securities must also have more than $250 million in outstanding par value.

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