These funds, like TBT, are also trading at multi-year lows, and SBND especially has seen a notable spike in trading volume this week.
As has been the case for several years despite bond prices largely rallying over this period, the inverse and levered inverse funds in the Treasury space have always been more popular and larger than the levered long strategies and have a higher level of familiarity largely amongst investors.
TMF (Direxion Daily 20 Year Treasury Bull 3X, Expense Ratio 0.95%), UBT (ProShares Ultra 20 Year Treasury, Expense Ratio
0.95%) and LBND (PowerShares DB 3X 25+ Year Treasury Bond ETN, Expense Ratio 0.95%) all come to mind but none of these funds has more than $59 million (TMF being the largest) in AUM at the moment.
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