ProShares UltraShort 20+ Year Treasury (TBT)Trading--Inverse Debt | Exchange Traded Fund | NYSEArca
34.69 USD
-0.59
(-1.672%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 34.76 +0.07 (0.202%) ⇧ (April 17, 2026, 7:45 p.m. EDT) Short-term: ★★☆☆☆ | Long-term: ★★☆☆☆ | Dividends: ★★★★☆ |
Hot Take | April 11, 2026, 3:49 p.m. EDT
TBT, as a leveraged ETF tracking the 20+ year Treasury, is sensitive to interest rate movements and macroeconomic trends. While the dividend yield is relatively high, the stock's price history shows a range-bound pattern with limited momentum. The recent price movements and options data indicate a lack of clear directional bias, making it a high-risk, low-reward proposition for short-term traders. Long-term investors should consider the ETF's exposure to interest rate fluctuations and the potential for volatility. Given the mixed signals from options and the uncertain macroeconomic environment, caution is advised, and a wait-and-see approach is recommended. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.030142 |
| AutoETS | 0.032027 |
| AutoARIMA | 0.032031 |
| AutoTheta | 0.032816 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.12 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.104 |
| Excess Kurtosis | -1.15 |
As of April 11, 2026, 3:49 p.m. EDT: Options activity suggests a mixed sentiment. The high open interest and volatility in both calls and puts indicate uncertainty about the future direction of TBT. The elevated IV (implied volatility) and significant OI (open interest) in out-of-the-money strikes suggest that speculators are hedging against potential price swings, possibly due to macroeconomic uncertainties. The presence of ATM (at-the-money) anchors and OI walls in certain strikes indicates a cautious outlook, with traders anticipating potential volatility in the near term. The overall options data implies that the market is pricing in a range-bound or volatile scenario, rather than a clear directional move.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.48% | 3.03% | 4.46% | 3.05% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-03-25 | 0.169 | 0.484518 |
| 2025-12-24 | 0.308 | 0.905921 |
| 2025-09-24 | 0.280 | 0.833369 |
| 2025-06-25 | 0.280 | 0.801453 |
| 2025-03-26 | 0.255 | 0.751397 |
| 2024-12-23 | 0.444 | 1.264796 |
| 2024-09-25 | 0.418 | 1.467789 |
| 2024-06-26 | 0.475 | 1.510875 |
| 2024-03-20 | 0.361 | 1.144515 |
| 2023-12-20 | 0.523 | 1.919428 |
| 2023-09-20 | 0.311 | 0.969916 |
| 2023-06-21 | 0.343 | 1.325609 |
| 2023-03-22 | 0.327 | 1.330475 |
| 2022-12-22 | 0.136 | 0.521327 |
| 2020-03-25 | 0.052 | 0.356517 |
| 2019-12-24 | 0.134 | 0.594722 |
| 2019-09-25 | 0.168 | 0.782790 |
| 2019-06-25 | 0.147 | 0.595194 |
| 2019-03-20 | 0.113 | 0.388011 |
| 2018-12-26 | 0.147 | 0.482041 |
| 2018-09-26 | 0.104 | 0.323236 |
| 2018-06-20 | 0.070 | 0.224812 |
| 2018-03-21 | 0.027 | 0.084615 |
| 2008-09-24 | 0.660 | 0.307561 |
| Attribute | Value |
|---|---|
| All Time High | 300.0 |
| All Time Low | 14.28 |
| Ask | 35.39 |
| Ask Size | 1,600 |
| Average Daily Volume10 Day | 358,520 |
| Average Daily Volume3 Month | 485,777 |
| Average Volume | 485,777 |
| Average Volume10Days | 358,520 |
| Beta3 Year | -4.74 |
| Bid | 34.67 |
| Bid Size | 2,800 |
| Category | Trading--Inverse Debt |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 34.76 |
| Day Low | 34.53 |
| Dividend Yield | 2.96 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 34.2808 |
| Fifty Day Average Change | 0.40919876 |
| Fifty Day Average Change Percent | 0.011936675 |
| Fifty Two Week Change Percent | -6.9973173 |
| Fifty Two Week High | 39.7 |
| Fifty Two Week High Change | -5.010002 |
| Fifty Two Week High Change Percent | -0.12619652 |
| Fifty Two Week Low | 31.69 |
| Fifty Two Week Low Change | 2.999998 |
| Fifty Two Week Low Change Percent | 0.094667025 |
| Fifty Two Week Range | 31.69 - 39.7 |
| First Trade Date Milliseconds | 1,211,463,000,000 |
| Five Year Average Return | 0.1427652 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,209,427,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. The fund is non-diversified. |
| Long Name | ProShares UltraShort 20+ Year Treasury |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_44311052 |
| Nav Price | 34.6561 |
| Net Assets | 260,097,856.0 |
| Net Expense Ratio | 0.93 |
| Open | 34.7 |
| Post Market Change | 0.069999695 |
| Post Market Change Percent | 0.20178638 |
| Post Market Price | 34.76 |
| Post Market Time | 1,776,469,501 |
| Previous Close | 35.28 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.59 |
| Regular Market Change Percent | -1.67234 |
| Regular Market Day High | 34.76 |
| Regular Market Day Low | 34.53 |
| Regular Market Day Range | 34.53 - 34.76 |
| Regular Market Open | 34.7 |
| Regular Market Previous Close | 35.28 |
| Regular Market Price | 34.69 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 469,729 |
| Short Name | ProShares UltraShort Lehman 20 |
| Source Interval | 15 |
| Symbol | TBT |
| Three Year Average Return | 0.1038567 |
| Total Assets | 260,097,856 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 1.58442 |
| Trailing Three Month Returns | 1.58442 |
| Triggerable | 1 |
| Two Hundred Day Average | 34.5078 |
| Two Hundred Day Average Change | 0.18219757 |
| Two Hundred Day Average Change Percent | 0.005279895 |
| Type Disp | ETF |
| Volume | 469,729 |
| Yield | 0.0296 |
| Ytd Return | 1.58442 |