ProShares Launches 3x Inverse Treasury ETF

A new ETF that shorts long-term U.S. Treasuries called the ProShares UltraPro Short 20+ Year Treasury (NYSEArca:TTT - News) was launched this week.

TTT aims for 300% opposite or -3x daily performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. The Treasury bear ETF is the third ProShares ETF providing inverse exposure to long-term Treasurys. In addition to TTT, ProShares offers the 200% and 100% inverse long-term Treasury ETFs, like ProShares UltraShort 20+ Year Treasury (NYSEArca:TBT - News) and ProShares Short 20+ Year Treasury (NYSEArca:TBF - News).

"Interest in TBT and our other inverse Treasury ETFs has been strong, with many investors concerned about the potential for rising rates," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "We are pleased to add TTT to our lineup of ETFs for investors seeking to help hedge against or potentially benefit from declines in long-term Treasurys."

TTT charges 0.95% in annual expenses.

In other ETF news, the PIMCO Total Return ETF, will change its ticker symbol from TRXT to BOND. The shift will be effective April 4.

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