Proshares Short 20 Etf Profile
| TBF Etf | USD 22.37 0.20 0.90% |
Performance0 of 100
| Odds Of DistressLess than 9
|
ProShares Short is trading at 22.37 as of the 3rd of October 2024. This is a 0.90% up since the beginning of the trading day. The etf's lowest day price was 22.22. ProShares Short has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for ProShares Short 20 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of April 2024 and ending today, the 3rd of October 2024. Click here to learn more.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. Short 20 is traded on NYSEARCA Exchange in the United States. More on ProShares Short 20
Moving together with ProShares Etf
| 1.0 | TBT | ProShares UltraShort | PairCorr |
| 1.0 | TMV | Direxion Daily 20 | PairCorr |
| 0.99 | PST | ProShares UltraShort | PairCorr |
| 0.99 | TYO | Direxion Daily 7 | PairCorr |
Moving against ProShares Etf
ProShares Etf Highlights
| Thematic Idea | Treasury ETFs (View all Themes) |
| Business Concentration | Treasury ETFs, Trading--Inverse Debt, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2009-08-18 |
| Benchmark | ICE U.S. Treasury 20+ Year Bond Index |
| Entity Type | Regulated Investment Company |
| Average Trading Valume | 207,964.2 |
| Asset Type | Fixed Income |
| Category | U.S. Government |
| Focus | Treasury |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michelle Liu, Jeffrey Ploshnick |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-Aug |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 25.0 |
| Market Maker | Pundion |
| Total Expense | 0.92 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | 2.64 |
| Name | ProShares Short 20 Year Treasury |
| Currency Code | USD |
| Open Figi | BBG000NZZW25 |
| In Threey Volatility | 16.67 |
| 1y Volatility | 16.77 |
| 200 Day M A | 23.2564 |
| 50 Day M A | 22.3564 |
| Code | TBF |
| Updated At | 2nd of October 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.59 |
ProShares Short 20 [TBF] is traded in USA and was established 2009-08-18. The fund is classified under Trading--Inverse Debt category within ProShares family. The entity is thematically classified as Treasury ETFs. ProShares Short 20 at this time have 556.58 M in assets. , while the total return for the last 3 years was 13.1%.
Check ProShares Short Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares Short 20 Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
ProShares Short Top Holders
| PSCIX | Palmer Square Ssi | Mutual Fund | Relative Value Arbitrage | |
| GDMA | Alpha Architect Gdsdn | Etf | Moderate Allocation | |
| PSCAX | Palmer Square Ssi | Mutual Fund | Relative Value Arbitrage | |
| CAPTX | Canterbury Portfolio Thermostat | Mutual Fund | Tactical Allocation | |
| QBDSX | Quantified Managed Income | Mutual Fund | Allocation--15% to 30% Equity | |
| SSIJX | American Beacon Ssi | Mutual Fund | Relative Value Arbitrage | |
| QBDAX | Quantified Managed Income | Mutual Fund | Allocation--15% to 30% Equity | |
| QAITX | Q3 All Weather Tactical | Mutual Fund | Tactical Allocation |
ProShares Short 20 Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares Short. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (1.18) |
ProShares Short Against Markets
Additional Information and Resources on Investing in ProShares Etf
When determining whether ProShares Short 20 is a strong investment it is important to analyze ProShares Short's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ProShares Short's future performance. For an informed investment choice regarding ProShares Etf, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares Short 20. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of ProShares Short 20 is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Short's value that differs from its market value or its book value, called intrinsic value, which is ProShares Short's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Short's market value can be influenced by many factors that don't directly affect ProShares Short's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Short's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.