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 January 31, 2025, TBT stock price climbed to $36.49 with 880,028 million shares trading.

TBT has a beta of -0.55, meaning it tends to be less sensitive to market movements. TBT has a correlation of 0.06 to the broad based SPY ETF.

TBT has a market cap of $299.84 million. This is considered a Small Cap stock.

In the last 3 years, TBT traded as high as $44.96 and as low as $17.80.

TBT has underperformed the market in the last year with a price return of +20.0% while the SPY ETF gained +26.1%. However, in the short term, TBT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.9% vs +6.2% return in SPY. But in the last 2 weeks, TBT shares have been beat by the market, returning -1.4% compared to an SPY return of +0.7%.

TBT support price is $35.58 and resistance is $36.76 (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 shares will trade within this expected range on the day.