The new -3x ETF joins ProShares popular -2x and -1x long-term Treasury ETFs, the ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT) and ProShares Short 20+ Year Treasury (NYSEArca: TBF), respectively.
“Interest in TBT and our other inverse Treasury ETFs has been strong, with many investors concerned about the potential for rising rates,” Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor, said in the press release. “We are pleased to add TTT to our lineup of ETFs for investors seeking to help hedge against or potentially benefit from declines in long-term Treasuries.” [Is It Finally Time to Short Treasuries with ETFs?]
For more information on new launches, visit our new ETFs category.
Max Chen contributed to this article.