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ProShares Short 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The ICE U.S. Treasury 20+ Year Bond Index includes publicly- issued U.S. Treasury securities that have a remaining maturity greater than twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.
ProShares Short 20+ Year Treasury trades on the ARCA stock market under the symbol TBF.
As of March 28, 2024, TBF stock price climbed to $23.19 with 122,412 million shares trading.
TBF has a beta of -0.66, meaning it tends to be less sensitive to market movements. TBF has a correlation of 0.23 to the broad based SPY ETF.
TBF has a market cap of $89.28 million. This is considered a Micro Cap stock.
In the last 3 years, TBF stock traded as high as $27.03 and as low as $15.37.
TBF has underperformed the market in the last year with a price return of +12.8% while the SPY ETF gained +33.6%. TBF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +7.5% and +0.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
TBF support price is $23.01 and resistance is $23.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TBF stock will trade within this expected range on the day.