ProShares UltraShort 20+ Year Treasury (J40T)
XBER 
Summary
J40T Chart
TBT For A Bond Market 'Crack'
The U.S. 30-year Treasury bond market remains in a bearish trend, with critical support at the October 2023 low and risks of a further breakdown. Jamie Dimon and bond market vigilantes warn of a potential 'crack' in the bond market, driven by high U.S. debt, policy uncertainty, and rising rates. Moody's recent downgrade and persistent fiscal concerns reinforce the bearish case, but surprises or shocks could trigger a bond market rally.
TBT: Too Late To Sell? Is TLT The Correct Choice?
ProShares UltraShort 20+ Year Treasury ETF, a 2x leveraged inverse 20-year treasury ETF, is currently a poor choice due to sideways market movement and declining long-term interest rates. TLT and IEF are better options now, offering lower expense ratios, higher volume, and dividends, making them suitable for the current economic climate. Market uncertainty and potential recession favor long-duration bond ETFs like TLT and IEF over inverse funds like TBT.
My Favorite Strategy To Trade Long-Term Treasury Bonds
The strategy uses signals to go long and short on bonds via TMF and TBT. By comparing the 30-day performance of SPY and DJP, the strategy determines positions in TBT or TMF based on inflation and asset price trends. The strategy shows positive alpha, negative beta to SPY, and outperforms TLT and SPY in average performance and Sharpe ratio, with lower drawdowns.
ProShares UltraShort 20+ Year Treasury Dividends
| TBT 6 months ago | Other | $0.44 Per Share |
| TBT 9 months ago Paid | Quarterly | $0.42 Per Share |
| TBT 26 Jun 2024 Paid | Quarterly | $0.47 Per Share |
| TBT 20 Mar 2024 Paid | Quarterly | $0.36 Per Share |
| TBT 20 Dec 2023 Paid | Quarterly | $0.52 Per Share |
ProShares UltraShort 20+ Year Treasury Earnings
| TBT 6 months ago | Other | $0.44 Per Share |
| TBT 9 months ago Paid | Quarterly | $0.42 Per Share |
| TBT 26 Jun 2024 Paid | Quarterly | $0.47 Per Share |
| TBT 20 Mar 2024 Paid | Quarterly | $0.36 Per Share |
| TBT 20 Dec 2023 Paid | Quarterly | $0.52 Per Share |
ProShares UltraShort 20+ Year Treasury (J40T) FAQ
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ProShares UltraShort 20+ Year Treasury Profile
| XBER Exchange | US Country |
Overview
The fund described operates as a financial entity specializing in investments that aim to yield daily returns corresponding to its Daily Target. The investment strategy primarily focuses on leveraging financial instruments that ProShare Advisors believes will, in combination, achieve the specified daily returns. This fund is particularly centered on investing in U.S. Treasury securities, emphasizing those with a remaining maturity greater than or equal to twenty years. Furthermore, these securities must meet a minimum outstanding face value criterion of $300 million, not accounting for the amounts held by the Federal Reserve. It's also important to note that this fund adopts a non-diversified investment approach, focusing on a targeted range of investment vehicles to achieve its objectives.
Products and Services
- Investment in U.S. Treasury Securities
- Non-Diversified Fund Strategy
The primary product of this fund involves investment in publicly-issued U.S. Treasury securities. These are specific in nature, having a remaining maturity of twenty years or more. This criterion ensures that the investments are in long-term securities, aiming to yield returns over an extended period. The securities selected for investment are also required to have a substantial outstanding face value of at least $300 million, underscoring the fund's focus on significant and stable investments. This approach allows the fund to maintain a profile that is attractive to investors looking for stable, long-term returns from government-issued securities.
Unlike many investment funds which spread their investments across a wide array of securities to mitigate risk, this fund employs a non-diversified strategy. This means that it focuses its investments on a narrower range of financial instruments that ProShare Advisors believes will meet the Daily Target returns. While this approach potentially increases the risk due to the lack of diversification, it also opens the door for potentially higher returns, assuming the targeted investments perform as expected. This strategy appeals to investors who are comfortable with a higher risk profile and who have confidence in the fund's chosen investment instruments and its management team's ability to select securities that align with the Daily Target objectives.
Contact Information
