ProShares has launched two new exchange-traded funds (ETFs) that offer an inverse exposure to the U.S. Treasury market. The ETF provider has listed the new funds on the NYSE Arca.
The ProShares UltraShort 3-7 Year Treasury aims to give an inverse exposure to the 3-7 year segment of the U.S. Treasury market and would provide 2x the daily performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. The ProShares Short 7-10 Year Treasury would offer 1x the daily performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index.
Click here for the release from ProShares.