Cumberland Advisors Inc. Sells 7,700 Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Cumberland Advisors Inc. lessened its holdings in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) by 6.2% in the 1st quarter, according to its most recent Form 13F filing 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 position. Cumberland Advisors Inc. owned 0.39% of ProShares UltraShort 20+ Year Treasury worth $3,748,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Baystate Wealth Management LLC purchased a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $36,000. Financial Gravity Companies Inc. purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $37,000. Simplex Trading LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $49,000. Capital Investment Advisory Services LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $54,000. Finally, Massey Quick Simon & CO. LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $72,000.

TBT stock opened at $33.73 on Thursday. ProShares UltraShort 20+ Year Treasury has a 52-week low of $32.12 and a 52-week 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 1.34%.

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ProShares UltraShort 20+ Year Treasury 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.

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

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