UltraShort 20+ Year Treasury - TBT UltraShort 20+ Year Treasury

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 Barclays U.S. 20+ Year Treasury Bond Index.

This Short ProShares ETF seeks a return that is -2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.

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Fund Snapshot

Ticker TBT
Intraday Ticker TBT.IV
CUSIP 74347B201
Inception Date 4/29/08
Expense Ratio* 0.92%
NAV Calculation Time 3:00 p.m. ET
Distributions Quarterly
* With Contractual Waiver for 10/1/14 to 9/30/15.

Price Information as of 10/22/14

NAV $51.83
NAV Change $0.28
Market Price Closing $51.75
Market Price Closing Change -$0.08
Daily Trading Volume 2,986,546