ProShares - Short 7-10 Year Treasury
TBX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Apr 5, 2011
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Short 7-10 Year Treasury (TBX) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index. The fund invests principally in derivatives, including swap agreements with major global financial institutions such as Citibank NA, Goldman Sachs International, and Bank of America NA, as well as futures contracts on U.S. 10-year Treasury notes; it also holds money market instruments like U.S. Treasury bills and repurchase agreements to manage cash balances associated with derivatives exposure. Listed on NYSE Arca with ticker TBX (CUSIP 74348A608), TBX provides inverse exposure to U.S. dollar-denominated fixed-rate Treasury securities with remaining maturities greater than seven years and up to ten years, excluding inflation-linked securities, Treasury bills, and stripped zero-coupon bonds; the index is market capitalization-weighted and rebalanced monthly. ProShares Trust, the issuer, operates from headquarters at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland 20814, with the TBX ETF launched on April 4, 2011. ProShare Advisors LLC serves as investment adviser, employing a mathematical approach to daily rebalance the portfolio for consistent -1x exposure to the index, targeting at least 80% of assets in index components or similar instruments under normal circumstances; the net expense ratio stands at 0.95% after contractual waivers through September 30, 2026. The firm serves institutional investors, financial advisors, and retail clients seeking short or inverse strategies for hedging interest rate risk, particularly when 7-10 year Treasury prices decline amid rising yields. In recent developments, ProShares Trust marked a milestone by surpassing $100 billion in assets under management as of October 2025, reflecting strong demand for its innovative ETF lineup amid market volatility. The firm launched leveraged Solana (SOL) and XRP futures-based ETFs in July 2025 following NYSE Arca approval, alongside a suite of Dynamic Buffer ETFs in June 2025 offering patent-pending volatility-adapted equity protection. Further, ProShares strengthened distribution in September 2025 by hiring three regional vice presidents—Chad Brand for Southern California, Mike Hart for New York metro, and Matt Zorumski for Florida—to expand advisor relationships; it also withdrew certain highly leveraged ETF applications in December 2025 after SEC feedback on risk disclosures, while opening a New York office in Hudson Yards to support growth. TBX maintains quarterly distributions and saw NAV of $28.01 as of December 16, 2025, with assets around $13-14 million.