ProShares Ultra 20+ Year Treasury (UBT)

• Market cap: $126M

Fund manager confidence

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

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

15% more funds holding

Funds holding: 13 [Q1] → 15 (+2) [Q2]

13% more capital invested

Capital invested by funds: $2.21M [Q1] → $2.5M (+$295K) [Q2]

0.02% less ownership

Funds ownership: 2.57% [Q1] → 2.56% (-0.02%) [Q2]

72% less call options, than puts

Call options by funds: $169K | Put options by funds: $601K