ProShares To Begin Trading The ProShares UltraShort 3-7 Year Treasury ETF (TBZ) Tuesday April 5th

ProShares will begin trading its new “ProShares UltraShort 3-7 Year Treasury ETF” (NYSE:TBZ) Tuesday April, 5 2011. The ProShares UltraShort 3-7 Year Treasury (the “Fund”) seeks investment results for a single day only, not for longer periods of the Barclays Capital 3-7 Year Treasury Index. This means that the return of the Fund for a period longer than a single trading day will be the result of each day’s returns compounded over the period, which will very likely differ from twice (200%) the inverse of the return of the Barclays Capital 3-7 Year Treasury Index (the “Index”) for that period. In periods of higher market volatility, the volatility of the Index may be at least as important to the Fund’s return for the period as the return of the Index.

The Index includes all publicly issued U.S. Treasury securities that have a remaining maturity of more than three years and less than seven years, are non-convertible, are denominated in U.S. dollars, are rated investment grade (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding. The Index is weighted by the relative market value of all securities meeting the Index criteria. Excluded from the Index are certain special issues, such as flower bonds, targeted investor notes (TINs), U.S. Treasury inflation protected securities (TIPs), state and local government series bonds (SLGs), and coupon issues that have been stripped from assets already included. The Index is published under the Bloomberg ticker symbol “LT13TRUU”

Total Annual Operating Expenses After Fee Waiver and Expense Reimbursement: 0.95%

For the complete prospectus click: HERE

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