ProFunds Group just launched a new ETF designed to give investors short exposure to the market for long-term U.S. Treasury bonds.

Michael Sapir, 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.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE