ProShares UltraShort 20+ Year Treasury (the Fund), formerly ProShares UltraShort Lehman 20+ Year Treasury, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in United States dollars, are rated investment grade (at least Baa3 by Moody's Investors Service or BBB- by Standard & Poor's (S&P)), are fixed rate, and have more than $250 million par outstanding. The Index is weighted by the relative market value of all securities meeting the Index criteria. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index. The Fund's investment advisor is ProShare Advisors LLC.
Basic Details
Issuer ProShares
Fund NameProShares UltraShort 20+ Year Treasury
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:TBT
Inception Date4/29/2008
Fund ManagerMichelle Liu, Jeffrey Ploshnick
Phone+1-240-4976400
Fund Focus
Asset ClassFixed Income
BenchmarkBarclays US Treasury 20+ Yr TR USD
CategoryU.S. Government
FocusTreasury
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$1.73 billion
Average Daily Volume$2.05 million
Discount/Premium-3.76%
ETF Expenses
Management Fee0.75%
Other Expenses0.15%
Total Expenses0.90%
Fee Waiver0.00%
Net Expenses0.90%
Administrator, Advisor and Custodian
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Transfer AgentJPMorgan Chase Bank, N.A.
Trustee
Lead Market MakerIMC Chicago
ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Frequently Asked Questions
What is ProShares UltraShort 20+ Year Treasury's stock symbol?
ProShares UltraShort 20+ Year Treasury trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "TBT."
How often does ProShares UltraShort 20+ Year Treasury pay dividends? What is the dividend yield for ProShares UltraShort 20+ Year Treasury?
ProShares UltraShort 20+ Year Treasury announced a quarterly dividend on Wednesday, March 20th. Shareholders of record on Thursday, March 21st will be given a dividend of $0.1134 per share on Wednesday, March 27th. This represents a $0.45 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 20th. View ProShares UltraShort 20+ Year Treasury's Dividend History.
Has ProShares UltraShort 20+ Year Treasury been receiving favorable news coverage?
Headlines about TBT stock have trended somewhat negative on Tuesday, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ProShares UltraShort 20+ Year Treasury earned a news impact score of -1.1 on InfoTrie's scale. They also assigned news articles about the exchange traded fund a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
What other stocks do shareholders of ProShares UltraShort 20+ Year Treasury own?
Who are ProShares UltraShort 20+ Year Treasury's key executives?
ProShares UltraShort 20+ Year Treasury's management team includes the folowing people:
- Michael L. Sapir, Chairman of ProShares Trust (Age 57)
- Louis M. Mayberg, President of ProShares Trust (Age 53)
- Victor M. Frye Esq., Chief Compliance Officer and AML Officer of ProShares Trust (Age 56)
- Simon D. Collier, Treasurer of ProShares Trust (Age 51)
- Gary A. Casagrande, Assistant Treasurer of ProShares Trust (Age 40)
- Charles S. Todd, Assistant Treasurer of ProShares Trust (Age 41)
- Stephenie Adams, Acting Secretary of ProShares Trust (Age 43)
- Gregory Pickard Esq., Assistant Secretary of ProShares Trust (Age 48)
- Russell S. Reynolds III, Trustee of ProShares Trust (Age 55)
- Michael C. Wachs, Trustee of ProShares Trust (Age 51)
Who are ProShares UltraShort 20+ Year Treasury's major shareholders?
ProShares UltraShort 20+ Year Treasury's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Bank of America Corp DE (1.15%), Sowell Financial Services LLC (0.52%), Cumberland Advisors Inc. (0.36%), Verity Asset Management Inc. (0.17%), SG Americas Securities LLC (0.15%) and Capital Investment Counsel Inc (0.10%).
Which institutional investors are selling ProShares UltraShort 20+ Year Treasury stock?
TBT stock was sold by a variety of institutional investors in the last quarter, including JFS Wealth Advisors LLC, SSI Investment Management Inc., Capital Investment Counsel Inc, Raymond James & Associates, Stokes & Hubbell Capital Management LLC, Livingston Group Asset Management CO operating as Southport Capital Management, IPG Investment Advisors LLC and Wilbanks Smith & Thomas Asset Management LLC.
Which institutional investors are buying ProShares UltraShort 20+ Year Treasury stock?
TBT stock was acquired by a variety of institutional investors in the last quarter, including Sowell Financial Services LLC, Cumberland Advisors Inc., SG Americas Securities LLC, PagnatoKarp Partners LLC, XR Securities LLC, Investment House LLC, Hsbc Holdings PLC and MinichMacGregor Wealth Management LLC.
How do I buy shares of ProShares UltraShort 20+ Year Treasury?
Shares of TBT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is ProShares UltraShort 20+ Year Treasury's stock price today?
One share of TBT stock can currently be purchased for approximately $32.93.
How big of a company is ProShares UltraShort 20+ Year Treasury?
ProShares UltraShort 20+ Year Treasury has a market capitalization of $976.61 million.
What is ProShares UltraShort 20+ Year Treasury's official website?
How can I contact ProShares UltraShort 20+ Year Treasury?
ProShares UltraShort 20+ Year Treasury's mailing address is 7501 Wisconsin Avenue Suite 1000 - East Tower, Bethesda, MD 20814, United States. The exchange traded fund can be reached via phone at +1-240-4976400.
MarketBeat Community Rating for ProShares UltraShort 20+ Year Treasury (NYSEARCA TBT)
MarketBeat's community ratings are surveys of what our community members think about ProShares UltraShort 20+ Year Treasury and other stocks. Vote "Outperform" if you believe TBT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TBT will underperform the S&P 500 over the long term. You may vote once every thirty days.
