TBT Stock Summary and Trading Ideas (ProShares Ultrashort 20+ Year Treasury | ARCA:TBT)

ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) 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 Ultrashort 20+ Year Treasury trades on the ARCA stock market under the symbol TBT.

As of April 19, 2024, TBT stock price declined to $37.00 with 419,336 million shares trading.

TBT has a beta of -1.45, meaning it tends to be less sensitive to market movements. TBT has a correlation of 0.27 to the broad based SPY ETF.

TBT has a market cap of $375.81 million. This is considered a Small Cap stock.

In the last 3 years, TBT stock traded as high as $44.96 and as low as $15.53.

TBT has outperformed the market in the last year with a price return of +32.8% while the SPY ETF gained +21.2%. TBT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.6% and +8.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

TBT support price is $36.64 and resistance is $38.02 (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 TBT stock will trade within this expected range on the day.