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ProShares UltraShort 20+ Year Treasury (TBT)

$36.66

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Key data on TBT

AUM

$291701017

P/E ratio

--

Dividend yield

2.7755%

Expense ratio

0.93%

Beta

-1.024047

Price on TBT

Previous close

$36.59

Today's open

$36.88

Day's range

$36.62 - $36.97

52 week range

$31.69 - $38.37

Profile about TBT

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Headquarters

US

Exchange

NYSE Arca

Issue type

Exchange-Traded Fund

TBT industries and sectors

Alternatives

Trading Tools

Top holdings in TBT
News on TBT

Treasury Yields Climb as Middle East Tensions Escalate: ETFs to Gain

Treasury yields surge as U.S.-Iran tensions lift oil prices. These ETFs could help investors navigate a rising-rate environment.

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Zacks Investment Research • Jul 9, 2026

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Rate Hike Risks Are Rife? ETF Strategies to Play

Rising inflation and hawkish Fed signals are reviving rate-hike fears. These ETFs may help investors navigate a higher-yield environment.

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Zacks Investment Research • Jun 8, 2026

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TBT: Surprising Returns Require Caution

The ProShares UltraShort 20+ Year Treasury ETF offers leveraged inverse exposure to long-duration Treasuries, benefiting if long-term yields rise. TBT's daily-reset 2x structure introduces significant path dependency, making it unsuitable for long-term investors despite a reasonable bearish macro view on bonds. I rate TBT a Hold, as it is best used for short-term tactical trades or hedges, not as a core or buy-and-hold position.

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Seeking Alpha • Jun 5, 2026

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ETFs to Play as U.S. Inflation Pressures Intensify

Sticky inflation and rising rate fears are putting pressure on markets. These ETFs may help investors navigate a higher-rate environment.

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Zacks Investment Research • Jun 2, 2026

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How to Play Rising Treasury Yields With ETFs

There was a sharp rise in Treasury yields last week, with the 30-year Treasury yield climbing above 5.1% on May 15, 2026. Investor concerns intensified after a series of economic reports suggested inflationary pressures were picking up again, partly due to elevated oil prices linked to Middle East tensions.

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Zacks Investment Research • May 18, 2026

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China Banks to Pare U.S. Treasuries? ETFs to Play

China's reported move to curb U.S. Treasury exposure lifts yields and raises fiscal concerns. Here are ETF strategies investors can consider now.

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Zacks Investment Research • Feb 10, 2026

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Final Trades: Toast, Southern Company, the IGV and the TBT

The Investment Committee give you their top stocks to watch for the second half.

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CNBC Television • Jan 20, 2026

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Japanese Yield Spike And The Leveraged TBT ETF

The ProShares UltraShort 20+ Year Treasury ETF (TBT) is rated a buy for short-term bearish exposure to long-term U.S. Treasury bonds, given accelerating declines in Japanese and U.S. government bonds. JGBs have fallen 6% since April 2025, driven by persistent inflation, wage growth, yen weakness, and BOJ tightening, with yields at multi-year highs. Rising Japanese yields are seen as a major global risk, with potential spillover to U.S. bond markets and amplified downside for TLT.

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Seeking Alpha • Dec 1, 2025

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TBT Provides -2x Leveraged Exposure To The 20-Year Treasury

TBT offers -2x daily performance of 20+ Year Treasury Bonds, but is highly risky and unsuitable for long-term holding due to value decay. Leveraged inverse ETFs like TBT can experience significant compounding effects and performance drift if held beyond a single day, amplifying potential losses. Macroeconomic factors and likely Fed rate cuts in September 2025 could drive long-term Treasury yields lower, making TBT vulnerable to further declines.

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Seeking Alpha • Aug 18, 2025

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TBT: Trading The Long Side Of Yield Curve

TBT offers -2x daily inverse exposure to long-term Treasuries, ideal for tactical bets on rising yields in the 20–30-year segment. Current macro signals—steep 10-20-30 curve, high NSS asymptote, and a non-alert BMSA—support a tactical long position in TBT. This ETF is best suited for disciplined, short-term trades, not buy-and-hold, due to daily resets and leverage risks.

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Seeking Alpha • Aug 18, 2025

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