a new ETF designed to give investors short exposure to the market for long-term U.S. Treasury bonds.
, ProFunds Group Chairman and CIO, said in a news release Thursday the new ETF was introduced "in direct response to strong investor demand for a single beta short treasury fund."
The ProShares Short 20+ Year Treasury
is designed to produce 100 percent of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index for
a single day, excluding fees and expenses.
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