Loudon Investment Management LLC held its stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) (NYSE:TBT) during the second quarter, Holdings Channel reports. The firm owned 8,300 shares of the exchange traded fund’s stock at the end of the second quarter. Loudon Investment Management LLC’s holdings in ProShares UltraShort Lehman 20+ Yr(ETF) were worth $298,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 1.3% in the second quarter. IFP Advisors Inc now owns 3,862 shares of the exchange traded fund’s stock worth $139,000 after buying an additional 50 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 27.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,600 shares of the exchange traded fund’s stock worth $165,000 after buying an additional 1,000 shares during the last quarter. Alpha Cubed Investments LLC bought a new stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) during the second quarter worth $215,000. Edge Wealth Management LLC bought a new stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) during the second quarter worth $361,000. Finally, SG Americas Securities LLC bought a new stake in shares of ProShares UltraShort Lehman 20+ Yr(ETF) during the second quarter worth $747,000.
Shares of ProShares UltraShort Lehman 20+ Y (NYSE TBT) opened at 34.73 on Friday. ProShares UltraShort Lehman 20+ Y has a 12 month low of $30.34 and a 12 month high of $42.72. The stock’s 50 day moving average price is $35.95 and its 200-day moving average price is $37.68.
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About ProShares UltraShort Lehman 20+ Yr(ETF)
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.
Want to see what other hedge funds are holding TBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort Lehman 20+ Yr(ETF) (NYSE:TBT).
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