ProShares UltraShort 20+ Year Treasury (TBT)

TBT (n.a.:Financial Services) ETF
$30.84
pos +0.25
+0.82%
Today's Range: 30.60 - 30.85 | TBT Avg Daily Volume: 2,526,300
Last Update: 08/30/16 - 3:59 PM EDT
Volume: 1,355,785
YTD Performance: -30.59%
Open: $30.66
Previous Close: $30.59
52 Week Range: $29.45 - $47.38
Oustanding Shares: 59,756,929
Market Cap: 1,879,355,417
6-Month Chart
TheStreet Ratings Grade for TBT
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 0 0 0 0
Moderate Buy 0 0 1 1
Hold 0 0 0 0
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 0.00 0.00 2.00 2.00
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 0.00
Price Earnings Comparisons:
TBT Sector Avg. S&P 500
0.00 0.00 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-16.49% -31.87% -60.08%
GROWTH 12 Mo 3 Yr CAGR
Revenue 0.00 0.00 0.00
Net Income 0.00 0.00 0.00
EPS 0.00 0.00 0.00
Earnings for TBT:
EBITDA 0.00B
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for TBT.

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By

Doug Kass

 | Jul 7, 2016 | 2:51 PM EDT
The U.S. dollar is stronger. Crude oil is breaking down, off $2 to $45.35. Smaller draw of supplies is the reason. Gold is down by $6 to $1,361. Bonds are flat. The yield on the 10-year U.S. note is unchanged while the long bond is down one basis point. The 2s/10s spread is unchanged at 80 basis points. Municipals and high yield are flat. Closed-end municipal bond funds continue to climb in price. Banks are solid, but are off the highs modestly. Brokerages are up a bit. Life insurance is terrible; no bounce after a sustained drop. Retail is lower, with my short Foot Locker (FL) down, though my other short Nordstrom (JWN) is higher. Old tech is quiet. Energy stocks are getting hit. I covered too early a week ago! Biotech is down a tad. Auto stocks are up modestly after their schmeisssing. Staples are down small save for PepsiCo (PEP) on an earnings beat. Media and ag equipment are doing nada. (T)FANG is mixed. Nothing special there. In individual stocks, TWTR, DD, RDN and Oaktree Capital Group (OAK) are up modestly. Apple (AAPL) is up two bits but still looks weak. Same for Starbucks (SBUX). Here are some value-added columns from our hard-working contributors: Jim "El Capitan" Cramer, who is probably deeply ensconced in his garden on Long Island, writes about Amazon's (AMZN) all-time high. Jim observes that this is occurring while retail is not folding. But retail has already been a land mine, so I am not sure whether the non-Amazon retail space is safe to invest in yet. "Meet" Bret Jensen on five stocks for the second half.  Roger Arnold on conflicting economic narratives. "Stormin'" Mike Norman sees a pullback in gold.  Chris Laudani on overvalued staples. This was also a theme of mine back in late May.
By

Doug Kass

 | Jul 7, 2016 | 11:48 AM EDT
Last week's Trade of the Week -- a long of the ProShares UltraShort 20+ Year Treasury ETF (TBT) -- was meant to be a short-term trade, as its leveraged structure produces poor tracking over longer time periods.
By

Doug Kass

 | Jul 1, 2016 | 2:43 PM EDT
Over on RealMoney, Tom Graff takes exception to my bond short in a well-reasoned column. 
By

Mike Norman

 | Jul 1, 2016 | 12:45 PM EDT

There's no such thing as bubbles when prices are set by a monopolist.

By

Tom Graff

 | Jul 1, 2016 | 11:36 AM EDT

A rebuttal to Doug Kass' short thesis on bonds.

 

By

Doug Kass

 | Jun 30, 2016 | 12:00 PM EDT

Low U.S. Treasury yields tell me that bond prices are in a bubble.

By

Doug Kass

 | Jun 30, 2016 | 10:25 AM EDT
"I think there are gonna be history books written about this period that rational people will read at some point, [and] they are gonna ask this question of economic historians with complete bewilderment in their voice:
By

Doug Kass

 | Jun 29, 2016 | 4:00 PM EDT
I am still in my board meeting
By

Doug Kass

 | Jun 29, 2016 | 12:23 PM EDT
I've added to my long of the ProShares UltraShort 20+ Year Treasury (TBT) and continued to slowly scale into a short of the SPDR S&P 500 ETF (SPY).
By

Doug Kass

 | Jun 29, 2016 | 8:25 AM EDT
"Mankind is facing a crossroad -- one road leads to despair and utter hopelessness and the other to total extinction. I sincerely hope you graduates choose the right road."
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