A news release said the ProShares Short 20+ Year Treasury (TBF) is built to produce 100% of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index for a single day, excluding fees and expenses.
The Barclays Capital 20+ Year U.S. Treasury Index measures the performance of U.S. Treasury bonds with maturities of 20 years or greater.
“This new ETF is a useful addition to our two ProShares ETFs currently offering short exposure to the U.S. Treasury market,” said Michael L. Sapir, ProFunds Group Chairman and CEO, in the news release.
The new ETF will be listed on NYSE Arca starting August 20.
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