ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Price Cross Above Two Hundred Day Moving Average – Should You Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.82 and traded as high as $34.49. ProShares UltraShort 20+ Year Treasury shares last traded at $33.93, with a volume of 1,459,088 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Performance

The firm’s 50 day moving average price is $35.36 and its two-hundred day moving average price is $33.81.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of ProShares UltraShort 20+ Year Treasury by 321.2% in the fourth quarter. JPMorgan Chase & Co. now owns 796 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 607 shares during the period. Headlands Technologies LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at about $148,000. Auour Investments LLC grew its position in shares of ProShares UltraShort 20+ Year Treasury by 6.9% during the 4th quarter. Auour Investments LLC now owns 6,411 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 413 shares in the last quarter. Essex LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter worth approximately $243,000. Finally, Brave Asset Management Inc. acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $264,000.

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.