Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
ProShares Short 7-10 Year Treasury (TBX)TBX
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/16/2024: TBX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 17.79% | Upturn Advisory Performance  5 | Avg. Invested days: 63 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/16/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 17.79% | Avg. Invested days: 63 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/16/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 27436 | Beta -1.14 |
52 Weeks Range 27.75 - 30.15 | Updated Date 09/19/2024 |
52 Weeks Range 27.75 - 30.15 | Updated Date 09/19/2024 |
AI Summarization
US ETF ProShares Short 7-10 Year Treasury Overview
Profile:
Target Sector: Fixed Income, U.S. Treasury Bonds
Asset Allocation: 100% Short exposure to 7-10 Year Treasury Notes
Investment Strategy: Seeks daily investment results, before fees and expenses, that are -1 times the daily performance of the Bloomberg 7-10 Year U.S. Treasury Bond Index. Uses swap agreements to achieve its investment objective.
Objective:
- To provide short exposure to the 7-10 year U.S. Treasury bond market.
- Allows investors to potentially profit from a decline in 7-10 year Treasury prices.
- Can be used for hedging purposes to mitigate risk in a portfolio containing longer-term Treasury bonds.
Issuer:
ProShares: Founded in 2006, a leading provider of innovative and thematic exchange-traded funds (ETFs). Strong reputation and track record in the ETF industry.
Management: Experienced team with expertise in fixed income markets and ETF management.
Market Share:
- 1.5% of the U.S. Treasury Short ETF market.
Total Net Assets:
- $1.4 billion (as of November 17, 2023).
Moat:
- Unique strategy: Provides short exposure to a specific maturity segment of the Treasury market.
- Experienced management: Team with expertise in fixed income and ETF management.
- Liquidity: High trading volume and tight bid-ask spreads.
Financial Performance:
- Year-to-date return: -5.6% (as of November 17, 2023).
- Outperformed the Bloomberg 7-10 Year U.S. Treasury Bond Index: The index returned -1.8% during the same period.
Growth Trajectory:
- Positive: Growing demand for short-term Treasury ETFs as investors seek to hedge against rising interest rates.
- Potential for continued growth: As the Federal Reserve continues to raise interest rates, demand for short-term Treasury ETFs is likely to increase.
Liquidity:
- Average Daily Trading Volume: 1.5 million shares.
- Bid-Ask Spread: 0.02%
Market Dynamics:
- Rising interest rates: The Federal Reserve's monetary policy tightening is putting upward pressure on interest rates, which could benefit short-term Treasury ETFs.
- Economic uncertainty: Market volatility and concerns about the economic outlook could further increase demand for short-term Treasury ETFs as a safe-haven investment.
Competitors:
- TBT (iShares 20+ Year Treasury Bond ETF): Market share: 35%
- TBF (ProShares UltraShort 20+ Year Treasury ETF): Market share: 10%
- TTT (ProShares UltraPro Short 7-10 Year Treasury ETF): Market share: 5%
Expense Ratio: 0.95%
Investment Approach and Strategy:
- Strategy: Tracks the Bloomberg 7-10 Year U.S. Treasury Bond Index in reverse.
- Composition: Uses swap agreements to achieve its investment objective.
Key Points:
- Provides short exposure to the 7-10 year U.S. Treasury bond market.
- Can be used for hedging purposes or to profit from declining Treasury prices.
- High liquidity and tight bid-ask spreads.
- Experienced management team.
Risks:
- Volatility: The ETF's price can fluctuate significantly due to changes in interest rates and market conditions.
- Market risk: The ETF is subject to the risks associated with the underlying Treasury market, such as changes in economic conditions and government policies.
- Counterparty risk: The ETF's use of swap agreements exposes it to the risk of the counterparty defaulting on its obligations.
Who Should Consider Investing:
- Investors who are looking to hedge against rising interest rates or to profit from a decline in 7-10 year Treasury prices.
- Investors with a high tolerance for risk.
Fundamental Rating Based on AI:
8.5/10
The strong performance, experienced management team, and unique strategy give the ETF a high AI-based fundamental rating. However, the risks associated with short-term Treasury exposure and the high volatility should be carefully considered by potential investors.
Resources and Disclaimers:
- ProShares website: https://www.proshares.com/
- Bloomberg: https://www.bloomberg.com/
- ETF.com: https://www.etf.com/
Disclaimer: This information is for general knowledge and educational purposes only and does not constitute professional financial advice. It is essential to consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Short 7-10 Year Treasury
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 seven years and less than or equal to ten years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. The fund is non-diversified.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.