ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Trading Up 1.5%

ProShares Short 20+ Year Treasury (NYSEARCA:TBFGet Rating)’s share price traded up 1.5% on Thursday . The company traded as high as $21.32 and last traded at $21.11. 45,679 shares traded hands during trading, a decline of 98% from the average session volume of 2,837,713 shares. The stock had previously closed at $20.80.

The stock’s 50-day simple moving average is $19.71 and its two-hundred day simple moving average is $17.82.

A number of hedge funds and other institutional investors have recently made changes to their positions in TBF. Royal Bank of Canada acquired a new stake in shares of ProShares Short 20+ Year Treasury during the 2nd quarter worth about $30,000. Barclays PLC boosted its position in ProShares Short 20+ Year Treasury by 249.2% during the 3rd quarter. Barclays PLC now owns 4,190 shares of the company’s stock worth $70,000 after buying an additional 2,990 shares during the period. Renaissance Technologies LLC lifted its position in shares of ProShares Short 20+ Year Treasury by 66.2% in the 3rd quarter. Renaissance Technologies LLC now owns 92,400 shares of the company’s stock worth $1,541,000 after purchasing an additional 36,800 shares during the period. HighTower Advisors LLC acquired a new position in shares of ProShares Short 20+ Year Treasury in the 3rd quarter worth approximately $250,000. Finally, Morgan Stanley lifted its position in shares of ProShares Short 20+ Year Treasury by 19.3% in the 3rd quarter. Morgan Stanley now owns 6,724,869 shares of the company’s stock worth $112,171,000 after purchasing an additional 1,087,914 shares during the period.

About ProShares Short 20+ Year Treasury (NYSEARCA:TBF)

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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