Valley National Advisers Inc. Cuts Position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Valley National Advisers Inc. lessened its holdings in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 63.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 959 shares of the exchange traded fund’s stock after selling 1,642 shares during the period. Valley National Advisers Inc.’s holdings in ProShares UltraShort 20+ Year Treasury were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TBT. Sowell Financial Services LLC purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at about $5,510,000. Cumberland Advisors Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at about $4,352,000. SG Americas Securities LLC grew its position in shares of ProShares UltraShort 20+ Year Treasury by 183.7% during the fourth quarter. SG Americas Securities LLC now owns 48,427 shares of the exchange traded fund’s stock valued at $1,701,000 after purchasing an additional 31,356 shares in the last quarter. PagnatoKarp Partners LLC purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at about $706,000. Finally, XR Securities LLC grew its position in shares of ProShares UltraShort 20+ Year Treasury by 110.0% during the fourth quarter. XR Securities LLC now owns 31,078 shares of the exchange traded fund’s stock valued at $1,092,000 after purchasing an additional 16,278 shares in the last quarter.

Shares of NYSEARCA:TBT traded down $0.36 during trading on Wednesday, reaching $32.28. The company’s stock had a trading volume of 1,323,856 shares, compared to its average volume of 1,921,628. ProShares UltraShort 20+ Year Treasury has a 12 month low of $32.12 and a 12 month high of $41.70.

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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.

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Institutional Ownership by Quarter for ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

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