ProShares Short 20+ Year Treasury ETF
TBF

$22.15

0.32%

Market Cap: $103M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

393% more call options, than puts

Call options by funds: $69K | Put options by funds: $14K

14.78% more ownership

Funds ownership: 7.14% [Q1] → 21.92% (+14.78%) [Q2]

6% less funds holding

Funds holding: 50 [Q1] → 47 (-3) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

28% less capital invested

Capital invested by funds: $31.6M [Q1] → $22.6M (-$9M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for TBF.

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Financial journalist opinion

Rates Spark: ECB Presser Bear-Flattened The Curve

The ECB cut rates by 25bp as widely anticipated, but a slightly hawkish tilt bear flattened the EUR curve, which in our view remains priced aggressively. In the US, as the markets head towards the Fed's first rate cut, the probability of a larger cut rose slightly on Thursday.

Rates Spark: ECB Presser Bear-Flattened The Curve

Zacks Investment Research

Capitalize on Yield Surge With Inverse Treasury ETF

The U.S. Treasury yields are on the rise with the start of second-quarter 2024, as the hopes for interest rates cut in June cooled down following the hotter-than-expected manufacturing data.

Capitalize on Yield Surge With Inverse Treasury ETF

Estimating The Impact Of Lower Rates On Bond Fund Dividends

It generally takes a few years for changes in Federal Reserve rates to fully impact bond fund dividends. Bond funds are still benefitting from prior rate hikes. Perhaps by enough to cancel out any future rate cuts. By my estimations, and under current Fed guidance, most bond funds would only start to see declining dividends in 2025, at the earliest.

Estimating The Impact Of Lower Rates On Bond Fund Dividends

Zacks Investment Research

Inverse Treasury ETFs Spike as March Rate Cut Bets Recede

The long-dated Treasuries posted their biggest two-day loss in months leading to a surge in ETFs that bet against U.S. Treasury bonds.

Inverse Treasury ETFs Spike as March Rate Cut Bets Recede

TBF: Unemployment Down, Inflation Will Look Sticky On Tuesday

TBF may be useful as CPI data comes out next week which we expect to stoke fears of the stickiness of inflation. Leveraged ETFs have daily resetting returns and should be used over short durations due to value erosion and volatility drift. Moreover, TBF is sensitive to rate changes due to high duration. We are more confident in the longer-term realisation of markets than the shorter term in inflation's stickiness.

TBF: Unemployment Down, Inflation Will Look Sticky On Tuesday

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