ProShares UltraShort 20+ Year Treasury Sees Unusually Large Options Volume (NYSEARCA:TBT)

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) saw unusually large options trading on Tuesday. Stock traders acquired 21,910 put options on the company. This represents an increase of approximately 99% compared to the average daily volume of 11,036 put options.

ProShares UltraShort 20+ Year Treasury Trading Up 2.8 %

Shares of TBT stock opened at $38.64 on Thursday. ProShares UltraShort 20+ Year Treasury has a fifty-two week low of $26.57 and a fifty-two week high of $44.96. The stock has a 50 day moving average price of $39.65 and a two-hundred day moving average price of $34.18.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

Several hedge funds and other institutional investors have recently bought and sold shares of TBT. 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. Lazard Asset Management LLC increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 700,000.0% during the first quarter. Lazard Asset Management LLC now owns 14,002 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 14,000 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 5.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,541 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 500 shares during the period. First Manhattan Co. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the first quarter valued at approximately $46,000. Finally, Renaissance Technologies LLC purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the second quarter valued at approximately $1,234,000.

About ProShares UltraShort 20+ Year Treasury

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.