ProShares UltraShort 20+ Year Treasury Share Price Surpasses 200-Day Moving Average – Time to Sell?

On October 25th, 2024, the share price of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading hours. The stock, which has a 200-day moving average set at $33.11, reached a peak of $33.86 before closing at $33.29. During the day, 320,812 shares were traded.

Recent Stock Performance

Despite the recent upward movement, the stock has seen a decrease of 1.5% in its value. The 50-day moving average stands at $30.50, indicating some volatility in the stock's performance.

Hedge Fund Activities

Recent changes in holdings by large investors highlight increased interest in ProShares UltraShort 20+ Year Treasury. Headlands Technologies LLC increased its stake by 60.7% in the second quarter, now holding 858 shares valued at $30,000 after adding 324 shares. Additionally, Auour Investments LLC initiated a new position worth approximately $203,000 in the first quarter. First National Corp MA ADV also made a significant investment of around $1,971,000 recently. Furthermore, Park Edge Advisors LLC boosted its holdings by 59.4%, resulting in ownership of 149,896 shares valued at $4,941,000. Lastly, BNP Paribas Financial Markets acquired a new stake valued at about $19,866,000 in the first quarter.

About ProShares UltraShort 20+ Year Treasury

ProShares UltraShort 20+ Year Treasury, previously known as ProShares UltraShort Lehman 20+ Year Treasury, aims to provide investment results that are twice the inverse of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index. This index includes publicly issued U.S. Treasury securities with more than 20 years remaining until maturity, non-convertible, dollar-denominated, rated investment grade, fixed-rate securities, and those with more than $250 million outstanding.

Considerations for Investors

With the share price currently above the 200-day moving average, investors may be contemplating whether to sell. A careful analysis of market trends, macroeconomic conditions, and the adjustments from major investors could provide valuable insights for decision-making.

ProShares, Investing, Treasury