ProShares - Ultra 20+ Year Treasury
UBT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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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.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jan 21, 2010
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra 20+ Year Treasury (UBT), an exchange-traded fund managed by ProShares, seeks investment results that correspond to two times (2x) the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The fund provides leveraged exposure to an index comprising publicly issued U.S. Treasury securities with remaining maturities greater than 20 years, minimum outstanding face values of $300 million excluding Federal Reserve holdings, fixed rates, and U.S. dollar denomination; it achieves this through swap agreements with major counterparties such as Barclays Capital, Societe Generale, Bank of America, Goldman Sachs International, and Citibank NA, alongside U.S. long bond futures and Treasury bills. Launched on January 19, 2010, with ticker UBT and CUSIP 74347R172, the fund maintains a net expense ratio of 0.95% (with contractual waiver through September 30, 2026), quarterly distributions, and options availability, targeting investors seeking amplified daily returns from long-duration U.S. Treasuries. ProShares, the issuer founded in 2006 as a division of ProFunds Group (established 1997) and headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland, operates as a leading provider of exchange-traded funds including leveraged, inverse, dividend growth, interest rate hedged bond, high income, and crypto-linked strategies. The firm manages over $95 billion in assets across one of the largest ETF lineups, serving U.S. and global investors through products listed on major exchanges like NYSE Arca, with a focus on tactical and strategic opportunities to manage risk and enhance returns. UBT holds approximately $97 million in assets, with key positions in index swaps (aggregate exposure exceeding 200% reflecting leverage), Treasury bills, and net other assets. In recent developments, ProShares launched a groundbreaking suite of Dynamic Buffer ETFs in June 2025, employing a patent-pending methodology that adjusts protection daily based on expected market volatility for U.S. stock index exposure. The firm expanded its cryptocurrency offerings in July 2025 with leveraged ETFs targeting 2x daily returns of Solana (SLON) and XRP (UXRP), bringing its crypto-linked lineup to 12 ETFs and three mutual funds managing over $1.5 billion. Additional 2025 initiatives include a September ETF tracking Coinbase stock performance, three key regional vice president hires to bolster distribution in Southern California, New York/Long Island, and Florida, a new Hudson Yards office in New York, and surpassing $100 billion in assets under management in October. These moves reflect ProShares' ongoing innovation and growth amid expanding ETF demand.