ProShares Short 7-10 Year Treasury logo

ProShares Short 7-10 Year Treasury (TBX)

Market Closed
20 Jul, 20:00
ARCA ARCA
$
28. 60
+0.11
+0.3861%
$
16.48M Market Cap
1.45% Div Yield
3,427 Volume
$ 28.49
Previous Close
Investors:
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Day Range
28.57 28.61
Year Range
27.43 28.85
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This Isn't 2022 - It's Not Time For TBX (Rating Downgrade)

This Isn't 2022 - It's Not Time For TBX (Rating Downgrade)

I initially rated ProShares Short 7-10 Year Treasury ETF a "Buy" in April 2022 due to rising rates; now, I rate it a "Sell". TBX had a 14.3% annualized return from April 2022 to October 2023, while iShares 7-10 Year Treasury Bond ETF had an APR of -8.7%. The Federal Reserve's balance sheet reduction and rising national debt will put upward pressure on intermediate Treasuries in the longer-term.

Seekingalpha | 1 year ago