TBXProShares Short 7-10 Year Treasury
TBX Fund Description
The ProShares Short 7-10 Year Treasury ETF provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years.
TBX Factset Analytics Insight
TBX provides daily inverse (-1x) exposure to the performance of an index of US Treasurys with 7 to 10 years remaining in maturity. It charges a segment-average fee for holding a combination of index swaps and US Treasury futures. As an inverse instrument, TBX appreciates when interest rates rise, making it a daily bet on and/or hedge against rising rates. As a tactical tool, investors can worry a bit less about TBX's high fee, but they should pay extra attention to TBX's trading characteristics to determine if it has enough liquidity to support same-day entry and exit. In general, volume is lackluster. Note: Due to the daily reset feature, TBX requires constant monitoring and rebalancing if used as an interest-rate hedge.TBX changed its underlying index from Bloomberg Barclays U.S. 7-10 Year Treasury Bond Index to ICE U.S. Treasury 7-10 Year Bond Index on 10/14/2016. The change has minimal impact on investor's exposure.
TBX CHARTS AND PERFORMANCE
TBX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TBX. TBX is rated a 5 out of 5.