Seeking AlphaT3·28mo ago
TBX ProShares Short 7-10 Year Treasury
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
TBX
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Key stats
About
ProShares Short 7-10 Year Treasury (TBX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2011-04-04
- Has Options
- No
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
Resets to −1x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from −1x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- 0.95% prospectus, filed Apr 7, 2025
- Assets
- $19M shares × price, Oct 21, 2026
- Trailing yield
- 2.55% paid quarterly
- Average daily volume
- $897K 30 sessions
- Holdings
- 5 top 10 are 0.0%
- Listed
- Apr 4, 2011 NYSE Arca
- Tracking difference
- -1.87 pts vs index, after fees, FY 2026
Cost57
Liquidity32
Scale10
Diversificationn/a
Moves with. Long Treasuries (40% of its variance, beta -0.33); High yield over Treasuries (10% of its variance, beta 0.31); US large-cap stocks (5% of its variance, beta -0.09). These factors explain 56% of its daily moves over the last year.
Stated objective. ProShares Short 7-10 Year Treasury (the Fund) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index (the Index). (from the fund's prospectus)
All 5 holdingsFlow historyOverlap toolAll Leveraged & Inverse Bond ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$1.4M latest reported month
- Latest 3 months
- +$3.5M +21.5% of assets
- Latest 12 months
- +$4.4M +27.1% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$1.4M |
| Apr 2026 | +$3.5M |
| Mar 2026 | +$1.4M |
| Feb 2026 | −$1.4M |
| Jan 2026 | +$695K |
| Dec 2025 | +$147K |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | −$704K |
| Jul 2025 | −$713K |
| Jun 2025 | +$2.9M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| TMFDirexion Daily 20+ Year Treasury Bull 3X ETF | — | — | $2.2B | −34.9% | compare |
| SHYDVanEck Short High Yield Muni ETF | — | 0.32% | $497M | −2.0% | compare |
| TBTProShares Trust UltraShort Lehman 20+ Year Treasury | — | 0.91% | $332M | +24.0% | compare |
| TMVDirexion Daily 20+ Year Treasury Bear 3X ETF | — | — | $224M | +39.7% | compare |
| TBFProShares Short 20+ Year Treasury ETF | — | 0.95% | $126M | +12.1% | compare |
The largest other funds in the Leveraged & Inverse Bond category.
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 5 active of 39 with agreements; top 3 did 83%
- Created · redeemed
- $27M · $22M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- -1.87 pts after fees; -0.90 before; daily s.d. 9.48
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-21
Holdings
5
AUM
$-59,828
Provider
ProShares
Inception
2011-04-04
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.95%
Dividend Yield
2.55%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-29 | $0.1798 | CD |
| 2026-06-24 | 2026-06-30 | $0.1441 | CD |
| 2026-03-25 | 2026-03-31 | $0.1334 | CD |
| 2025-12-24 | 2025-12-31 | $0.2983 | CD |
| 2025-09-24 | 2025-09-30 | $0.2422 | CD |
| 2025-06-25 | 2025-07-01 | $0.1935 | CD |
Asset Allocation
Top Holdings
top 5 of 5 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Net Other Assets (Liabilities) | 63.10% | Cash/Money Market | — |
| IQMM | PROSHARES GENIUS MNY MKT ETF | 36.90% | Cash/Money Market | — |
| — | ICE 7-10 YEAR U.S. TREASURY INDEX SWAP GOLDMAN SACHS INTERNATIONAL | -18.25% | Derivative | — |
| — | ICE 7-10 YEAR U.S. TREASURY INDEX SWAP BANK OF AMERICA NA | -32.09% | Derivative | — |
| — | ICE 7-10 YEAR U.S. TREASURY INDEX SWAP CITIBANK NA | -49.91% | Derivative | — |
Non-Equity Breakdown
ProShares Short 7-10 Year Treasury ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$16M
· 8 total positions
· equity 0.00%
· non-equity 90.98%
Non-equity holdings
— 8 positions,
90.98% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 55.22% | $9.0M | 1 |
| Repurchase agreement | 33.70% | $5.5M | 4 |
| Derivative (equity) | 2.07% | $337052 | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.98% | 1.31% | -2.11% | 0.31% | -0.20% | 0.59% | 0.15% |
| Feb | 2.40% | -0.12% | 4.57% | 3.33% | -2.07% | -2.21% | 0.98% |
| Mar | 2.19% | 5.04% | -4.28% | -0.41% | -0.60% | 1.70% | 0.61% |
| Apr | -0.64% | 3.54% | 0.13% | 2.94% | 1.26% | 0.60% | 1.30% |
| May | -0.68% | -1.40% | 0.83% | -0.61% | 1.24% | 0.39% | -0.04% |
| Jun | -1.17% | 0.26% | 1.47% | -1.24% | -2.07% | -0.55% | -0.55% |
| Jul | -2.04% | -2.10% | 0.90% | -2.75% | 0.96% | 1.62% | -0.57% |
| Aug | 0.63% | 4.88% | 0.85% | -0.21% | 0.07% | 0.56% | 1.13% |
| Sep | 1.51% | 4.52% | 2.83% | -0.93% | -1.31% | 3.05% | 1.61% |
| Oct | 0.78% | 2.90% | 1.79% | 4.69% | 0.18% | -1.75%* | 1.43% |
| Nov | -1.34% | -3.18% | -2.48% | -0.84% | -0.60% | -- | -1.69% |
| Dec | 0.64% | 2.65% | -4.28% | -0.51% | -0.31% | -- | -0.36% |
| Total | 3.19% | 19.40% | -0.20% | 3.57% | -3.47% | 3.96% | 4.41% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $29.70
SMA 50: $29.34
SMA 200: $28.50
Current: $29.25
EMA 12: $29.57
EMA 26: $29.55
MACD: 0.0208 | Signal: -0.0674
BULLISH
ADX (14): 48.63
STRONG TREND
+DI: 15.69
−DI: 46.95
Momentum Oscillators
RSI (14): 41.95
NEUTRAL
Stoch %K: 77.41
Stoch %D: 80.28
Williams %R: -31.17
Volume & Volatility
BB Upper: $30.11
BB Lower: $29.29
OVERSOLD
OBV: 23,155
Vol SMA 20: 26,862
Vol ROC: 16.73%
ATR: $0.29
True Range: $0.36
HV 20: 12.5%
HV 30: 10.6%
HV 60: 8.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: TBX
Executive Summary
Overall assessment: NEUTRAL (6/10) Key drivers: Trend direction, momentum signals, volume analysis, recent news sentiment Primary risks: Volatility, rate changes, inflationary pressures Investment thesis: TBX is experiencing a consolidation phase, with both bullish and bearish cases presenting valid arguments. Recent news sentiment has been neutral, which aligns with the current trend. Recent news sentiment impact: Neutral headlines have contributed to the stock's stabilization.
Technical Analysis
Trend Direction: Range-bound (short-term), Neutral (medium-term) Support/Resistance Levels: Upper Bollinger Band ($29.06), Lower Bollinger Band ($28.63), SMA 50 ($28.68) Momentum Signals: * RSI: Neutral (62.20) * MACD: Bullish momentum * Bollinger Bands: Signal is neutral * Volume Analysis: Mixed signals
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines have been prevalent, focusing on market trends and central bank meetings. Sentiment Assessment: Aggregate sentiment is NEUTRAL (60%). Catalyst Identification: Upcoming earnings announcements may provide a catalyst for price movement. Market Narrative: Recent news has been neutral, aligning with the current trend.
Risk & Volatility Assessment
Beta Interpretation: TBX has a negative beta (-0.10), indicating it moves opposite to the market. Volatility Regime: Current volatility is relatively low (0.05). Options Market Signals: No options data available. Downside Protection: SMA 50 ($28.68) and Bollinger Band support.
Market Context & Positioning
Sector Performance: TBX is performing slightly better than the sector average. Institutional Activity: Mixed signals from institutional investors. Correlation Analysis: TBX has a moderate correlation with the market (R-squared 0.55). Relative Valuation: The stock is trading near its historical mean.
Key Levels & Action Items
Critical Price Levels: SMA 50 ($28.68), Upper Bollinger Band ($29.06) Breakout/Breakdown Levels: SMA 200 ($28.21) and Lower Bollinger Band ($28.63) Time-Sensitive Catalysts: Earnings announcements, rate decisions Risk Management: Consider stop-loss levels near $27.50 and position sizing considerations.
This report provides a comprehensive analysis of TBX stock, considering technical indicators, options metrics, beta analysis, market data, and recent news headlines. The assessment is neutral due to the current consolidation phase, but highlights potential catalysts for price movement.
Generated
News
All TBX news →
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·29mo ago
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Seeking AlphaT3·29mo ago
Seeking AlphaT3·29mo ago
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Seeking AlphaT3·29mo ago
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TBX Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: -0.1194
Alpha: 7.77%
Correlation: -0.2531
R-Squared: 6.4%
Stock Volatility: 6.0%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
TBX Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|