ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Position Cut by Cumberland Advisors Inc.

Cumberland Advisors Inc. cut its holdings in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 6.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,176 shares of the exchange traded fund’s stock after selling 7,700 shares during the period. ProShares UltraShort 20+ Year Treasury comprises approximately 1.3% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Cumberland Advisors Inc. owned approximately 0.39% of ProShares UltraShort 20+ Year Treasury worth $3,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meristem Family Wealth LLC lifted its position in ProShares UltraShort 20+ Year Treasury by 9.8% during the third quarter. Meristem Family Wealth LLC now owns 7,809 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 697 shares during the period. Baystate Wealth Management LLC acquired a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at $36,000. Financial Gravity Companies Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter worth about $37,000. Simplex Trading LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter worth about $49,000. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter worth about $54,000.

Shares of ProShares UltraShort 20+ Year Treasury stock traded up $0.02 during trading hours on Wednesday, reaching $34.44. The stock had a trading volume of 52,678 shares, compared to its average volume of 2,032,657. ProShares UltraShort 20+ Year Treasury has a twelve month low of $32.12 and a twelve month high of $41.70.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were given a dividend of $0.1134 per share. The ex-dividend date was Wednesday, March 20th. This represents a $0.45 annualized dividend and a dividend yield of 1.32%.

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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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