ProShares Short 20+ Year Treasury ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (–1x) of the daily performance of the Barclays U.S. 20+ Year Treasury Bond Index (the "Index"). The Index includes all publicly issued, U.S. Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in U.S. dollars, are rated investment grade, are fixed rate, and have more than $250 million par outstanding. As of May 31 2013, the Fund's total assets were $1,134,538,170 and the Fund's investment portfolio was valued at $1,103,695,252. We show 742 historical shares outstanding datapoints in our TBF shares outstanding history coverage, used to compute TBF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TBF market cap history over the course of time is important for investors
interested in comparing TBF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TBF versus a peer is one thing; comparing
TBF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TBF can fluctuate over the course of history.
With this page we aim to empower investors researching TBF by allowing them to research the TBF market cap history. |
Free TBF Email Alerts:
Video: The Importance of Market Cap
