The bond ETF traded as low as $113.54 a share on Wednesday, down about 9% from its 52-week high of $125.03 set earlier this month.
Traders have been scaling up their bearish bets against Treasury ETFs. [Shorting Treasuries with ETFs]
Inverse ETFs that profit when Treasuries fall include ProShares Short 20+ Year Treasury (NYSEArca: TBF) and ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT).
iShares Barclays 20+ Year Treasury Bond (NYSEArca: TLT)
