TBT — ProShares UltraShort 20+ Year Treasury
ProShares UltraShort 20+ Year Treasury (TBT)
TBT pays a 2.20% distribution rate, quarterly, on a 0.93% expense ratio. Total return is -83.2% over the past 18.3 years, 751.8 points behind SPY at 668.6%. Its deepest 1-year drawdown was 13.2%.
ProShares UltraShort 20+ Year Treasury is an ETF that uses leverage and short positions in long-duration U.S. Treasury securities to seek daily returns that move in the opposite direction of the 20+ year Treasury market. The fund carries a modest distribution rate paid quarterly and has an expense ratio of 0.93%, reflecting the cost of its leveraged strategy. This ETF appeals primarily to tactical traders and investors seeking short-term hedges against rising Treasury prices or duration exposure, rather than long-term income investors.
TBT key facts
- Issuer
- ProShares
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 04/29/2008
- Expense ratio
- 0.93%
- Distribution rate
- 2.20%
- Distribution frequency
- Quarterly
- Trailing yield
- 2.52%
- Last close
- $38.48
- AUM
- $310,751,092
- Average volume
- 258200.0
- Last dividend
- $0.2120
- Ex-dividend date
- 06/24/2026
- Payment date
- 06/30/2026
- Beta
- -4.82
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