ProShares Ultra 20+ Year Treasury can be construed as a way to enhance a bet on long rates coming down or as a capital efficient tool. Find out why UBT is a Buy.

UBT rose 20.1% from $15.90 to $19.10 per share from the January low to the March high. During the most recent rally, UBT delivered twice the price appreciation as the long bond futures and TLT ETF.