ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Trading 0.7% Higher – Time to Buy?

ProShares Short 20+ Year Treasury (NYSEARCA:TBF)’s stock price shot up 0.7% on Friday . The stock traded as high as $23.63 and last traded at $23.61. 106,516 shares traded hands during trading, a decline of 61% from the average session volume of 273,786 shares. The stock had previously closed at $23.44.

ProShares Short 20+ Year Treasury Stock Performance

The stock’s 50 day moving average price is $22.45 and its 200-day moving average price is $23.31.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Evergreen Capital Management LLC bought a new stake in shares of ProShares Short 20+ Year Treasury in the 2nd quarter valued at about $207,000. Bordeaux Wealth Advisors LLC purchased a new stake in ProShares Short 20+ Year Treasury during the second quarter worth $357,000. Diversify Advisory Services LLC purchased a new stake in ProShares Short 20+ Year Treasury during the first quarter worth $509,000. Aviance Capital Partners LLC bought a new stake in ProShares Short 20+ Year Treasury during the 1st quarter valued at $557,000. Finally, Caldwell Investment Management Ltd. purchased a new position in shares of ProShares Short 20+ Year Treasury in the 2nd quarter valued at $1,184,000.

ProShares Short 20+ Year Treasury Company Profile

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day.