TTTProShares UltraPro Short 20+ Year Treasury
TTT Fund Description
The ProShares UltraPro Short 20+ Year Treasury ETF provides 3x inverse exposure, reset daily, to an index that tracks the performance of US Treasury securities with remaining maturities greater than 20 years.
TTT Factset Analytics Insight
TTT is a solid option for tactical bets on rising interest rates. The fund's high sensitivity to rate changes stems from swap positions that deliver, on a daily basis, three times the inverse return of an index that only holds T-bonds with more than 20 years left to maturity, meaning its exposure to the far end of the Treasury curve is extremely pure. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons longer than one day. The high level of leverage results in greater impact from the effects of compounding. Like most other funds in its segment, the fund charges a high fee, though most investors won't be holding it for long. TTT has adequate volume to meet the needs of retail traders, though spreads can run wide.TTT changed its underlying index from the Bloomberg Barclays U.S. 20+ Year Treasury Bond Index to the ICE U.S. Treasury 20+ Year Bond Index on 10/14/2016. The change had minimal impact on exposure.
TTT CHARTS AND PERFORMANCE
TTT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TTT. TTT is rated a 5 out of 5.