ProShares UltraPro Short 20+ Year Treasury
New York Stock Exchange ArcaCapital 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.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael L. Sapir
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Mar 29, 2012
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraPro Short 20+ Year Treasury (TTT) seeks daily investment results that correspond to three times the inverse (-3x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The fund employs derivatives including swap agreements with counterparties such as UBS AG, Bank of America NA, Societe Generale, Goldman Sachs International, Morgan Stanley & Co. International PLC, Barclays Capital, and Citibank NA, as well as futures contracts on U.S. Treasury bonds; it provides leveraged inverse exposure to publicly issued U.S. Treasury securities with remaining maturities greater than 20 years, $300 million or more outstanding face value excluding Federal Reserve holdings, fixed-rate and U.S. dollar denominated, weighted by market capitalization. Launched on March 27, 2012 and domiciled in the United States, TTT trades on NYSE Arca with a net expense ratio of 0.95% (gross 1.13%, with contractual waiver through September 30, 2026), quarterly distributions, and options availability; it targets investors seeking to profit from declines in long-term Treasury prices or rises in interest rates. The underlying index features approximately 40 issues with modified duration of 17.58 years, weighted average maturity of 25.90 years, coupon of 2.57%, and yield to maturity of 3.84% as of March 31, 2023. ProShares, the issuer, operates from its headquarters at 7272 Wisconsin Avenue in Bethesda, Maryland, as part of ProShare Advisors LLC, a pioneer in leveraged and inverse ETFs since launching in 2006 from roots in ProFunds Group founded in 1999. The firm manages over $95 billion in assets across a broad lineup including geared (leveraged and inverse), dividend growth, high income, interest rate hedged bond, and crypto-linked strategies, serving financial advisors and institutional investors primarily in North America. In September 2025, ProShares strengthened its national distribution capabilities by hiring three industry veterans—Chad Brand, Mike Hart, and Matt Zorumski—as Regional Vice Presidents to cover key U.S. regions including the Northeast, Midwest, and Florida, amid active recruitment for over two dozen roles in distribution, marketing, operations, product, and technology to support long-term growth and product expansion. This follows the firm's new headquarters opening in Bethesda in 2022 and ongoing innovation in ETF strategies. No recent acquisitions, funding rounds, name changes, or TTT-specific product launches were reported in the past 1-2 years.
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