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Proshares Ultrashort 7 10 Year Treasury
ProShares Ultrashort 7-10 Year Treasury is an exchange-traded fund (ETF) that offers investors a way to gain exposure to the U.S. treasury market while potentially hedging against interest rate risk. The fund'Mission is to provide daily investment results that correspond to twice the inverse daily performance of the 7-10 year U.S. treasury market.
The fund achieves this goal by investing in a portfolio of U.S. treasury securities with maturities between 7 and 10 years, while simultaneously employing leverage to magnify the returns of the underlying portfolio. As a result, the fund offers investors a potentially more efficient way to gain exposure to the treasury market while also potentially benefiting from the compounding effect of daily returns.
The fund's underlying holdings are comprised of U.S. treasury notes. and bonds with maturities between 7 and 10 years. The fund advisor utilizes leverage to magnify the returns of the underlying portfolio, seeking to provide twice the inverse daily performance of the 7-10 year treasury market.
Listed on NYSE Arca, ProShares Ultrashort 7-10 Year Treasury trades under the ticker symbol "PST". With a total net assets figure of $547.1 million as of February 5, 2023, the fund carries an expense ratio of 0.95%. Investors should note the fund's inverse relationship to the underlying securities and consider the risks associated with investing in the fund. Proper due diligence is recommended before making an investment decision.
The fund rebalances monthly and has an average maturity of 8.37 years, with an average modified duration of 7.55 years as of 01/30/23. It carries a 30-Day SEC Yield of -2.59% and a Yield to Maturity of -2.65 as of 01/30/23. The fund's average volume is 35,539.
Here are some significant facts about the Proshares Ultrashort 7-10 Year Treasury (PST) fund:
1. Inverse Performance: The fund seeks to provide twice the inverse daily performance of the 7-10 year U.S. treasury market. This means that if the underlying treasury securities decrease in value, the fund should increase in value by twice the amount.
2. Leverage: The fund utilizes leverage to magnify the returns of the underlying portfolio. This leverage can amplify both gains and losses.
3. U.S. treasury securities: The fund's underlying holdings are comprised of U.S. treasury notes and bonds with maturities between 7 and 10 years.
4. Monthly Rebalancing: The fund rebalances monthly, which means the underlying holdings are adjusted periodically to maintain the desired exposure to the 7-10 year treasury market.
5. Risk Considerations: Prospective investors should note the fund's inverse relationship to the underlying securities and consider risks associated with investing, including interest rate risk, liquidity risk, and credit risk.
6. Trading Symbol: The fund is listed on NYSE Arca and trades under the ticker symbol "PST."
7. Net Assets: As of February 5, 2023, the fund has a total net assets figure of $547.1 million.
8. Expense Ratio: The fund carries an expense ratio of 0.95%, which represents the annual operating expenses paid by shareholders.
9. Yield and Duration: As of January 30, 2023, the fund had a 30-Day SEC Yield of -2.59% and a Yield to Maturity of -2.65. Its average maturity is 8.37 years, with an average modified duration of 7.55 years.
10. Average Volume: The fund's average volume is 35,539, indicating the average number of shares traded per day.
It's important to note that investing in the Proshares Ultrashort 7 10 Year Treasury (PST) requires careful consideration of the risks and potential rewards. Investors should understand the fund's inverse relationship to the underlying securities, leverage employment, and potential risks associated with investing. It's important to conduct thorough research, consult a financial advisor if necessary, and align investments with individual financial goals and risk tolerance.