Name of ETF: ProShares Ultra 20-Year Treasury
Benchmark Index: Barclays U.S. 20+ Year Treasury Bond Index
Ticker Symbol: UBT
Types of Bonds Included: U.S. Treasury Bonds with a maturity of over twenty years.
Daily Target: 2x
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is 2x (200%). This means the ETF is seeking a daily target equal to 200% of the benchmark index.
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