Investors Buy Large Volume of ProShares UltraShort 20+ Year Treasury Put Options (NYSEARCA:TBT)

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Rating) saw some unusual options trading on Thursday. Stock investors acquired 47,464 put options on the stock. This is an increase of approximately 167% compared to the average daily volume of 17,762 put options.

ProShares UltraShort 20+ Year Treasury Price Performance

Shares of ProShares UltraShort 20+ Year Treasury stock opened at $30.90 on Thursday. The stock has a 50 day moving average price of $29.72 and a two-hundred day moving average price of $30.75. ProShares UltraShort 20+ Year Treasury has a 52 week low of $19.14 and a 52 week high of $39.32.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Accurate Wealth Management LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $30,000. Activest Wealth Management bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 3rd quarter valued at about $39,000. First Manhattan Co. bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the 1st quarter valued at approximately $46,000. Knuff & Co LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the 3rd quarter valued at approximately $64,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter valued at approximately $81,000.

ProShares UltraShort 20+ Year Treasury Company Profile

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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.