ProShares UltraShort 20+ Year Treasury (TBT)
| Assets | $318.25M |
| Expense Ratio | 0.91% |
| PE Ratio | n/a |
| Shares Out | 9.09M |
| Dividend (ttm) | $1.78 |
| Dividend Yield | 5.09% |
| Ex-Dividend Date | Sep 25, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | -6.66% |
| Volume | 498,658 |
| Open | 35.12 |
| Previous Close | 34.65 |
| Day's Range | 34.59 - 35.14 |
| 52-Week Low | 28.00 |
| 52-Week High | 38.68 |
| Beta | -0.51 |
| Holdings | 13 |
| Inception Date | May 1, 2008 |
About TBT
Fund Home PageThe ProShares UltraShort 20+ Year Treasury (TBT) is an exchange-traded fund that is based on the US Treasury 20+ Year index. The fund provides 2x inverse exposure, reset daily, to a market-value-weighted index that tracks the performance of US Treasury securities with remaining maturities greater than 20 years. TBT was launched on May 1, 2008 and is issued by ProShares.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 25, 2024 | $0.418 | Oct 2, 2024 |
| Jun 26, 2024 | $0.475 | Jul 3, 2024 |
| Mar 20, 2024 | $0.361 | Mar 27, 2024 |
| Dec 20, 2023 | $0.523 | Dec 28, 2023 |
| Sep 20, 2023 | $0.311 | Sep 27, 2023 |
| Jun 21, 2023 | $0.343 | Jun 28, 2023 |
News
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 an...
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...
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...
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?
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 fut...
Prepare For The Worst In Bonds With TBT
2024 is expected to be a good year for bonds, but there are potential risks that could lead to a dip in bond prices. Global conflicts and US fiscal policy are identified as potential triggers for a bo...
Credit Event: Phase 2 - Michael Gayed
The market may have peaked in July due to the lagged effects of the fastest rate hike cycle in history. A credit event is likely to occur, starting with treasuries and then moving to corporate credit,...
CPI Disappointment, Cooling Economy, Recession Ahead? With Mott Capital
Michael Kramer is disappointed by the recent CPI report, suggesting that the economy is cooling and expectations for earnings growth are too high. He believes that the market may anticipate rate cuts,...
TBT: This Hedge Still Looks Right
TBT remains a Buy as the bond market shows downward momentum, and there are likely more advances in store for TBT price and volume. The effects of the global pandemic regime have produced a strong Fed...
TBT: No Compelling Evidence Of A Bond Bottom, Reiterate Buy
The Treasury term premium is back above zero, indicating that investors are demanding higher yields for long-dated Treasuries. The ProShares UltraShort 20+ Year Treasury ETF is recommended for short-t...
Fed Walking Primrose Path And Cataclysmic Scenarios With David Trainer
The current market is driven by liquidity and how much the Federal Reserve or the treasury are pumping into the economy, according to David Trainer. Trainer believes there needs to be a reckoning due ...
Treasury ETFs: You've Got Nowhere Else To Go Now
Financial systems are shaking all around the world. I expect the processes to accelerate in the second half of this year due to liquidity withdrawals and a greater sense of pressure from high rates in...
TBT: Take Profits If You Haven't Already
The Federal Reserve's dovish stance and economic indicators suggest that unemployment is rising close to where it should be and inflation is falling. TBT, a high duration ETF sensitive to market inter...
Inflation Blues And Bond Moves: Riding The Treasury Wave With TBT
Treasury bonds have faced underperformance due to unexpected inflation levels, but recent trends indicate a decrease in inflation. The combination of slowing inflation and economic growth is positive ...
TBT: Inverse Bond Fund Can Work In 2023 Wearing Multiple Hats
TBT is an inverse ETF that appreciates when long-dated Treasury bonds sell off and rates move higher. The fund was a big winner in 2022 amid the bond market volatility which is a theme that remains in...
TBT: Watching One Key Technical Level On TLT For Clues
The Treasury market has been bearish lately after strong jobs data. I like to refer to price action on TLT to determine where the leveraged-short TBT ETF will go.
TBT: Long-Term Interest Rates Softening In Response To Recession Fears
TBT provides -2x 1-day returns of the ICE U.S. Treasury 20+ Year Bond Index. Betting against long-bonds have been the right trade in 2022, with the TBT returning 113% YTD to October 31, 2022.
TBF: Inverse Bond Funds Still Have Room For Gains
Inverse bond funds have had a great year. Given inflation stays elevated, they still have room to rise.
TBT: A Textbook Macro Trade For Difficult Times
The current U.S. macro situation is characterized by a CPI inflation rate of 8.6% and more than 2.5x the 30-year Treasury Yield. I expect these rates to converge and propel TBT share prices higher.
TBT ETF: Still An Excellent Hedge But Not Much Upside Left
TBT is the largest inverse bond ETF. US Treasury yield is very sensitive to the Fed policy.
Is TBT Still The Way To Play Interest Rates? What The Charts Say
Investors are finally flocking to long-term Treasuries as a safety trade. Longer-term, a broader trend might send the 30-year rate to near 4%.
TBT - Preparing For Higher Rates
ProShares UltraShort 20+ Year Treasury (TBT) is an ETF that seeks a return that is -2x the return of its target index for a single day.
Rates Outlook: Swap Spreads To See Widening Pressure
While there is upward pressure on market rates in 2022, it's not coming from higher net supply. In fact, lower net supply can help to richen government bonds. On top of that, we should see flatter cur...