IFP Advisors Inc Decreases Holdings in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

IFP Advisors Inc trimmed its position in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Rating) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,281 shares of the exchange traded fund’s stock after selling 744 shares during the period. IFP Advisors Inc’s holdings in ProShares UltraShort 20+ Year Treasury were worth $123,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TBT. Jane Street Group LLC increased its stake in ProShares UltraShort 20+ Year Treasury by 121.7% in the 2nd quarter. Jane Street Group LLC now owns 443,798 shares of the exchange traded fund’s stock worth $11,605,000 after purchasing an additional 2,488,858 shares during the period. Renaissance Technologies LLC increased its stake in ProShares UltraShort 20+ Year Treasury by 244.1% in the 3rd quarter. Renaissance Technologies LLC now owns 162,400 shares of the exchange traded fund’s stock worth $5,166,000 after purchasing an additional 115,200 shares during the period. AJ Wealth Strategies LLC increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 93.6% during the first quarter. AJ Wealth Strategies LLC now owns 113,095 shares of the exchange traded fund’s stock valued at $2,316,000 after buying an additional 54,685 shares during the period. Camarda Financial Advisors LLC increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 6.4% during the third quarter. Camarda Financial Advisors LLC now owns 101,986 shares of the exchange traded fund’s stock valued at $3,244,000 after buying an additional 6,136 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the third quarter valued at approximately $2,127,000.

ProShares UltraShort 20+ Year Treasury Price Performance

TBT opened at $28.78 on Friday. ProShares UltraShort 20+ Year Treasury has a 52-week low of $23.34 and a 52-week high of $39.32. The stock’s 50 day moving average price is $28.54 and its 200-day moving average price is $29.97.

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.