Name of ETF: ProShares UltraShort 20 Year Treasury
Benchmark Index: Barclays U.S. 20+ Year Treasury Bond Index
Ticker Symbol: TBT
Types of Bonds Included in this ETF: U.S treasury securities. These bonds have the highest credit rating and have maturity dates of twenty years or more.
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the Barclays U.S. 20+ Year Treasury Bond Index goes up, the ETF is designed to go down. If the Barclays U.S. 20+ Year Treasury Bond Index goes down, the ETF is designed to go up.
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns based on a multiplier. In the case of this ETF, the multiplier is -2x (-200%).
Related Links: