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 3, 2025, TBT stock price climbed to $36.86 with 351,702 million shares trading.

TBT has a beta of -0.52, meaning it tends to be less sensitive to market movements. TBT has a correlation of 0.05 to the broad based SPY ETF.

TBT has a market cap of $309.51 million. This is considered a Small Cap stock.

In the last 3 years, TBT traded as high as $44.96 and as low as $17.69.

TBT has underperformed the market in the last year with a return of +25.5%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TBT shares. However, TBT has outperformed the market in the last 3 month and 2 week periods, returning +21.1% and +2.9%, while SPY returned +4.6% and +0.1%, respectively. This indicates TBT has been having a stronger performance recently.

TBT support price is $35.99 and resistance is $37.21 (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.