ProShares Ultra 7-10 Year Treasury (UST) is an exchange-traded fund that seeks daily investment results corresponding to twice (200%) the daily performance of the ICE BofA 7-10 Year US Treasury Bond Index. The fund provides leveraged exposure to U.S. Treasury securities with maturities between 7 and 10 years; utilizes financial derivatives including swap agreements and futures contracts; and employs a passive management strategy focused on achieving its leveraged daily objective before fees and expenses. ProShares, the issuer, operates globally with a primary focus on the U.S. financial markets and is headquartered in Bethesda, Maryland, with the fund launched in 2009. Recent developments include enhancements to ProShares' leveraged ETF suite amid rising interest in fixed-income strategies, alongside no major acquisitions or name changes reported in the last two years; the fund maintains its structure under ProShares Trust with ongoing compliance to SEC regulations for inverse and leveraged products.