Dollar dips as FOMC minutes show rate hike 'soon'
- Seeking Alpha
As of September 14, 2017, ProShares Trust - ProShares UltraShort TIPShas gone out of business. ProShares Trust - ProShares UltraShort TIPS is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the fixed income markets of the United States. It takes short positions and uses derivatives such as swap agreements to invest in U.S. dollar denominated, investment grade U.S. Treasury inflation protected securities (TIPS) which have at least one year remaining to maturity and that are rated as at least Baa3 by Moody's or BBB- by S&P. The fund also invests in money market securities. It seeks to replicate twice the inverse of the daily performance of the Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (“TIPS”) Index (Series L), by using synthetic replication technique. ProShares Trust - ProShares UltraShort TIPS was formed on February 9, 2011 and is domiciled in the United States.