ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Trading 0.2% Higher – Here’s Why

ProShares Short 20+ Year Treasury (NYSEARCA:TBFGet Free Report) shares shot up 0.2% on Wednesday . The company traded as high as $24.67 and last traded at $24.54. 106,101 shares changed hands during trading, a decline of 22% from the average session volume of 136,861 shares. The stock had previously closed at $24.48.

ProShares Short 20+ Year Treasury Price Performance

The firm’s 50-day simple moving average is $24.25 and its 200-day simple moving average is $23.33.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Several hedge funds have recently made changes to their positions in the company. Robinson Value Management Ltd. bought a new position in ProShares Short 20+ Year Treasury in the fourth quarter worth approximately $4,005,000. Advisors Preferred LLC purchased a new position in shares of ProShares Short 20+ Year Treasury in the 4th quarter valued at $3,885,000. Stratos Wealth Partners LTD. bought a new position in shares of ProShares Short 20+ Year Treasury in the 4th quarter worth $480,000. Worth Asset Management LLC purchased a new stake in shares of ProShares Short 20+ Year Treasury during the 4th quarter worth $596,000. Finally, Jane Street Group LLC boosted its position in ProShares Short 20+ Year Treasury by 86.8% during the third quarter. Jane Street Group LLC now owns 154,405 shares of the company’s stock valued at $3,417,000 after purchasing an additional 71,727 shares in the last quarter.

About ProShares Short 20+ Year Treasury

(Get Free Report)

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.

Further Reading

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