Investors Purchase High Volume of Call Options on ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 4,478 call options on the company. This is an increase of approximately 39% compared to the typical daily volume of 3,219 call options.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $1,327,000. Simplex Trading LLC boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 1,958.7% in the fourth quarter. Simplex Trading LLC now owns 93,671 shares of the exchange traded fund’s stock valued at $3,430,000 after acquiring an additional 89,121 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 7.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 18,618 shares of the exchange traded fund’s stock valued at $682,000 after acquiring an additional 1,234 shares during the period. J. Safra Sarasin Holding AG purchased a new position in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $2,222,000. Finally, Essex LLC purchased a new stake in ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $243,000.

ProShares UltraShort 20+ Year Treasury Stock Up 1.7%

Shares of TBT opened at $37.80 on Wednesday. ProShares UltraShort 20+ Year Treasury has a 52-week low of $28.00 and a 52-week high of $38.98. The firm’s fifty day moving average is $35.30 and its two-hundred day moving average is $35.20.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a $0.2549 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

ProShares UltraShort 20+ Year Treasury Company Profile

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.