ProShares has launched the ProShares UltraShort TIPS exchange-traded fund, which seeks to deliver -2x the daily return of the Barclays U.S. Treasury Inflation Protected Securities Index.

“Fueled by expectations of rising long-term interest rates, our inverse Treasury ProShares have garnered more than $7 billion since launching less than three years ago,” said Michael L. Sapir, chairman and CEO of ProShare Advisors. “Our new fund, the first inverse TIPS ETF, is a new tool for investors considering hedging against or seeking to benefit from declines in TIPS prices.”

ProShares now has six ETFs linked to U.S. Treasuries, four of them offering short exposure.

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