From IndexUniverse:
ProShares, the world’s biggest purveyor of inverse and leveraged ETFs, today launched a triple-exposure ETF designed to short long-dated Treasurys, adding to a popular product from the Bethesda, Md.-based fund company that serves up double-short exposure to an index comprising U.S. Treasury bonds with at least 20 years to maturity.
The ProShares UltraPro Short 20+ Year Treasury ETF (NYSEArca: TTT), comes with a 0.95 total expense ratio, the same price as the double-exposure ProShares UltraShort 20+ Year Treasury ETF (NYSEArca: TBT). TBT, which had $3.79 billion in assets as of March 28, is the largest leveraged and inverse exchange-traded fund in the world....MORE
