Freedom Investment Management Inc. Purchases New Position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Freedom Investment Management Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,230 shares of the exchange traded fund’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds also recently modified their holdings of TBT. Headlands Technologies LLC lifted its position in 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 acquiring an additional 324 shares in the last quarter. Verity Asset Management Inc. raised its stake in shares of 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 valued at $845,000 after purchasing an additional 1,082 shares during the period. First National Corp MA ADV acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth $1,971,000. Finally, Park Edge Advisors LLC boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 40.3% in the second quarter. Park Edge Advisors LLC now owns 210,328 shares of the exchange traded fund’s stock valued at $7,248,000 after purchasing an additional 60,432 shares during the period.

ProShares UltraShort 20+ Year Treasury Stock Down 1.8 %

TBT opened at $32.42 on Friday. ProShares UltraShort 20+ Year Treasury has a twelve month low of $28.00 and a twelve month high of $38.68. The company has a fifty day simple moving average of $32.76 and a 200 day simple moving average of $32.66.

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.