TBT

ProShares UltraShort 20+ Year Treasury
CLOSING PRICECHANGE (%)VOLUME
$37.04-0.14 (-0.38%)559.31K
4:00:00 p.m. (ET) 05/26/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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TBT Fund Description

The ProShares UltraShort 20+ Year Treasury ETF provides 2x inverse exposure, reset daily, to an index that tracks the performance of US Treasury securities with remaining maturities greater than 20 years.

TBT FactSet Analytics Insight

TBT is the trader's fund of choice forthe fund of choice for levered bets on rising interest rates levered bets on rising interest rates. Using a combination of swaps and futures, TBT gives investors -2x exposure to daily moves in T-bonds with more than 20 years left to maturity. This gives the fund a negative duration exceeding 30 years. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than 1 day. In short, the fund is a valid option for tactical positioning/hedging against rising interest rates, but it's important to keep in mind that the -2x leverage results in greater impact from the effects of compounding. It trades briskly and block liquidity is excellent. TBT's fees are also low for this segment, making it a cost-effective option for getting inverse exposure to T-bonds.
TBT changed its underlying index from Bloomberg Barclays U.S. 20+ Year Treasury Bond Index to ICE U.S. Treasury 20+ Year Bond Index on 10/14/2016. The change has minimal impact on investor’s exposure.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
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LAST 10 TRADES
TIMEPRICESHARES
16:11:5037.00100
15:59:5937.03300
15:59:5837.0474
15:59:5437.03100
15:59:5337.0498
15:59:5037.0330
15:59:4037.03100
15:59:4037.03100
15:59:4037.03200
15:59:3537.04100
Bats BZX Real-time Quote - 23:59:59
Average Spread
Premium/Discount
Volume

TBT FactSet Analytics Block Liquidity

As of 05/26/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TBT. TBT is rated a 5 out of 5.

TBT Summary Data

05/01/08
Open-Ended Fund
0.93%
$2.11 B

TBT Portfolio Data

0%
06/21/17

TBT Index Data

Market Value
Market Value
N/A

TBT Fund Structure

Yes
No
0% / 100%
N/A
N/A
Low
-2x
Daily

TBT Tax Exposures

20.00% / 39.60%
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No

TBT Tradability

2,088,702
$79.67 M
1,860,759
$71.52 M
0.03%
0%
2.04% / -1.19%
None
50,000
37.22
0.01%
312,725
$37.18
5