ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
Market cap $323M

36.25 USD

-0.27

0.74%

At close Dec 20, 4:00 PM EST

1 day

-0.74%

5 days

4.56%

1 month

3.84%

3 months

22.38%

6 months

8.63%

Year to date

18.43%

1 year

21.77%

5 years

38.31%

10 years

-22.18%

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

44% more call options, than puts

Call options by funds: $48.5M | Put options by funds: $33.7M

1.55% more ownership

Funds ownership: 21.4% [Q2] → 22.94% (+1.55%) [Q3]

0% more funds holding

Funds holding: 56 [Q2] → 56 (+0) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

10% less capital invested

Capital invested by funds: $68.6M [Q2] → $61.9M (-$6.72M) [Q3]

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

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Research analyst outlook

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

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Financial journalist opinion

TBT: A Bet Against Long Duration Rates

The ProShares UltraShort 20+ Year Treasury ETF offers leveraged inverse exposure to long-term U.S. Treasury bonds, aiming for -2x daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The TBT ETF's strategy involves short positions in U.S. Treasury futures and swaps with various banks, providing inverse exposure while mitigating counterparty risk. TBT stands out among inverse Treasury ETFs due to its -2x leverage, balancing risk and caution, with better liquidity and narrower bid-ask spreads.

TBT: A Bet Against Long Duration Rates

Zacks Investment Research

Will U.S. Treasury Yields Surge Postelection? ETFs in Focus

Long-term U.S. treasury yields have been on the uptrend lately. Benchmark U.S. Treasury yields were 4.26% on Nov. 5, up from 3.74% recorded on Oct.1.

Will U.S. Treasury Yields Surge Postelection? ETFs in Focus

TBT: The Rate Cut May Not Lead To A Bond Market Rally

The Fed's shift to a more accommodative monetary policy may not guarantee a bond market rally due to high U.S. debt and declining foreign demand. The U.S. dollar's faltering reserve currency status and political division further erode confidence in U.S. government bonds, increasing borrowing costs. ProShares UltraShort 20+ Year Treasury ETF offers a leveraged bearish bet on bonds, benefiting from potential declines in long-term U.S. Treasury bonds.

TBT: The Rate Cut May Not Lead To A Bond Market Rally

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

Global Economic Outlook: How We Got Here; Where Are We Going?

Panel discussion with Seeking Alpha's Steven Cress, KPMG U.S.'s Kenneth Kim; Invesco's Kristina Hooper; and Principal Asset Management CEO, Kamal Bhatia. Fed moves and how central banks have dominated markets.

Global Economic Outlook: How We Got Here; Where Are We Going?

Zacks Investment Research

Rates to Stay Higher for Longer? ETF Strategies to Play

The Fed's Neel Kashkari believes that it's likely that the Fed will cut interest rates once in 2024, possibly in December.

Rates to Stay Higher for Longer? ETF Strategies to Play

Zacks Investment Research

Fed Rhetoric Turns Hawkish: ETF Strategies to Play Rising Yields

Federal Reserve Chair Jerome Powell's recent remarks indicate a delay in rate cuts.

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.

Zacks Investment Research

ETF Strategies to Play Rising Yields

Stocks slumped to start Q2 as an interest rate cut by the Fed may come later than anticipated before. Investors can rely on these ETF strategies to play rising yields.

Should We Trust Economic Data? With Danielle DiMartino Booth

Danielle DiMartino Booth discusses why Jay Powell wants to keep rates high. Should we trust CPI and other economic data coming out?

Should We Trust Economic Data? With Danielle DiMartino Booth

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