ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Gap Up to $25.06

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares gapped up before the market opened on Monday . The stock had previously closed at $24.52, but opened at $25.06. ProShares UltraShort 20+ Year Treasury shares last traded at $25.76, with a volume of 2,636,614 shares traded.

The firm has a 50-day simple moving average of $25.67 and a two-hundred day simple moving average of $26.88.

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 713.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 99,819 shares of the exchange traded fund’s stock worth $2,888,000 after acquiring an additional 87,555 shares in the last quarter. Gainplan LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at about $780,000. Steward Partners Investment Advisory LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the 2nd quarter worth approximately $29,000. FinTrust Capital Advisors LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the 3rd quarter worth approximately $122,000. Finally, Simplex Trading LLC lifted its stake in ProShares UltraShort 20+ Year Treasury by 326.2% in the 3rd quarter. Simplex Trading LLC now owns 109,510 shares of the exchange traded fund’s stock worth $2,667,000 after purchasing an additional 83,818 shares in the last quarter.

ProShares UltraShort 20+ Year Treasury Company Profile (NYSEARCA:TBT)

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.

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