ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
Market cap $270M

33.56 USD

-0.08

0.24%

Updated Oct 22, 10:48 AM EDT

1 day

-0.24%

5 days

6.84%

1 month

12.50%

3 months

-0.71%

6 months

-9.69%

Year to date

9.64%

1 year

-21.94%

5 years

31.09%

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

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

1% more call options, than puts

Call options by funds: $37.8M | Put options by funds: $37.4M

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

8.57% less ownership

Funds ownership: 29.95% [Q1] → 21.38% (-8.57%) [Q2]

13% less funds holding

Funds holding: 64 [Q1] → 56 (-8) [Q2]

27% less capital invested

Capital invested by funds: $93.5M [Q1] → $68.6M (-$24.9M) [Q2]

47% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 15

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

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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: 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.

Fed Rhetoric Turns Hawkish: ETF Strategies to Play Rising Yields

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

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.

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

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

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