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ProShares Trust - ProShares UltraPro Short 20+ Year Treasury TTT Stock is an exchange traded fund launched and managed by ProShare Advisors LLC.
The fund invests in the fixed income markets of the United States. It takes short positions and uses derivatives such as swap agreements and futures contracts to invest in U.S. dollar denominated, investment grade treasury securities which have a remaining maturity of 20 years or more and that are rated at least Baa3 by Moody’s or BBB- by S&P. The fund seeks to track thrice the inverse of the daily performance of the ICE U.S.
Treasury 20+ Year Bond Index, by using full replication technique. ProShares Trust - ProShares UltraPro Short 20+ Year Treasury was formed on March 27, 2012 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. The fund is non-diversified. Benchmark: ICE U.S. Treasury 20+ Year Bond TR USD
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