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
BenchmarkICE U.S. Treasury 20+ Year Bond Index
CategoryU.S. Government
FocusTreasury
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$553.22 million
Average Daily Volume$1.45 million
Discount/Premium0.01%
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 Tuesday, December 24th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.1339 per share on Thursday, January 2nd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Tuesday, December 24th. This is an increase from ProShares UltraShort 20+ Year Treasury's previous quarterly dividend of $0.11. View ProShares UltraShort 20+ Year Treasury's Dividend History.
Has ProShares UltraShort 20+ Year Treasury been receiving favorable news coverage?
News stories about TBT stock have been trending extremely negative on Sunday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ProShares UltraShort 20+ Year Treasury earned a media sentiment score of -4.5 on InfoTrie's scale. They also assigned news headlines about the exchange traded fund a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for ProShares UltraShort 20+ Year Treasury.
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 number of of retail and institutional investors. Top institutional shareholders include Cumberland Advisors Inc. (0.47%), Tuttle Tactical Management (0.42%), XR Securities LLC (0.03%), LFA Lugano Financial Advisors SA (0.03%) and IFP Advisors Inc (0.01%).
Which major investors are selling ProShares UltraShort 20+ Year Treasury stock?
TBT stock was sold by a variety of institutional investors in the last quarter, including Cumberland Advisors Inc. and IFP Advisors Inc.
Which major investors are buying ProShares UltraShort 20+ Year Treasury stock?
TBT stock was acquired by a variety of institutional investors in the last quarter, including Tuttle Tactical Management, XR Securities LLC and LFA Lugano Financial Advisors SA.
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, Robinhood, 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 $24.13.
How big of a company is ProShares UltraShort 20+ Year Treasury?
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.
