ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Trading Down 0.9% – Here’s Why

ProShares Short 20+ Year Treasury (NYSEARCA:TBFGet Free Report) were down 0.9% on Tuesday . The company traded as low as $23.25 and last traded at $23.39. Approximately 240,798 shares traded hands during trading, an increase of 16% from the average daily volume of 207,408 shares. The stock had previously closed at $23.60.

ProShares Short 20+ Year Treasury Stock Performance

The business has a 50 day moving average of $24.04 and a two-hundred day moving average of $23.77.

ProShares Short 20+ Year Treasury Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.2114 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Several institutional investors have recently bought and sold shares of TBF. Bank of America Corp DE acquired a new position in ProShares Short 20+ Year Treasury during the 4th quarter valued at about $493,000. Farringdon Capital Ltd. acquired a new stake in ProShares Short 20+ Year Treasury during the fourth quarter worth about $401,000. Mariner LLC purchased a new position in ProShares Short 20+ Year Treasury during the fourth quarter valued at approximately $205,000. LPL Financial LLC acquired a new position in ProShares Short 20+ Year Treasury in the fourth quarter valued at approximately $3,583,000. Finally, Global View Capital Management LLC purchased a new stake in ProShares Short 20+ Year Treasury in the 4th quarter worth approximately $380,000.

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.

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