Tower Research Capital LLC TRC Makes New Investment in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Tower Research Capital LLC TRC purchased a new position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,755 shares of the exchange traded fund’s stock, valued at approximately $53,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the third quarter worth about $217,000. Simplex Trading LLC boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 1,566.5% in the third quarter. Simplex Trading LLC now owns 294,045 shares of the exchange traded fund’s stock worth $11,532,000 after acquiring an additional 276,401 shares during the period. Pathstone Family Office LLC boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 0.8% in the third quarter. Pathstone Family Office LLC now owns 69,057 shares of the exchange traded fund’s stock worth $2,708,000 after acquiring an additional 560 shares during the period. Headlands Technologies LLC bought a new position in ProShares UltraShort 20+ Year Treasury during the third quarter valued at approximately $66,000. Finally, Axxcess Wealth Management LLC grew its holdings in ProShares UltraShort 20+ Year Treasury by 66.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 15,891 shares of the exchange traded fund’s stock valued at $623,000 after buying an additional 6,334 shares in the last quarter.

ProShares UltraShort 20+ Year Treasury Stock Performance

NYSEARCA TBT traded up $0.66 during trading on Tuesday, hitting $37.92. 513,160 shares of the stock traded hands, compared to its average volume of 1,037,375. The firm has a 50-day simple moving average of $34.72 and a 200-day simple moving average of $35.04. ProShares UltraShort 20+ Year Treasury has a 12-month low of $27.52 and a 12-month high of $44.96.

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.