TTTProShares UltraPro Short 20+ Year Treasury
TTT Fund Description
TTT provides 3x inverse exposure, reset daily, to a market-value-weighted index that tracks the performance of US Treasury securities with remaining maturities greater than 20 years.
TTT Factset Analytics Insight
TTT provides daily -3x exposure to the ICE U.S. Treasury 20+ Year Bond Index. Using a combination of swaps and futures, TTT gives investors -3x exposure to daily moves in T-bonds with more than 20 years left to maturity. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than one 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 -3x leverage results in greater impact from the effects of compounding. As a levered product, TTT is not a buy-and-hold ETF, it's a short-term tactical instrument. Prior to Oct. 14, 2016, 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. The change had minimal impact on exposure.
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 N/A out of 5.