TMV

Direxion Daily 20+ Year Treasury Bear 3X ETF

$37.86

+0.00%

Market closed. Last update: 2:14 AM ET

📎 Investment Objective

The Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV) seeks to provide 3 times the inverse (or opposite) of the daily performance of the NYSE 20 Year Plus Treasury Bond Index.

Overview

ETF tracking Direxion Daily 20+ Year Treasury Bear 3X ETF

Category Leveraged

Issuer Other

Inception Date 2009-04-16

Market Cap $187.3M

Average Volume N/A

Dividend Yield 2.79%

52-Week Range $31.94 - $43.18

VWAP $37.64

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV) seeks to provide 3 times the inverse (or opposite) of the daily performance of the NYSE 20 Year Plus Treasury Bond Index.

🎯 Investment Strategy

TMV uses leveraged derivatives and short positions to aim for 3 times the inverse daily return of the underlying index, which tracks long-term U.S. Treasury bonds. The fund rebalances daily to maintain its leverage target.

✨ Key Features

Provides 3x daily inverse exposure to long-term U.S. Treasury bonds
Utilizes leveraged derivatives and short positions to achieve its objective
Rebalances daily to maintain its 3x leverage target
Designed for short-term, speculative trading rather than long-term buy-and-hold

⚠️ Primary Risks

Significant daily rebalancing can magnify losses in volatile markets
Leverage amplifies both gains and losses, increasing risk
Potential for significant tracking error versus the underlying index
Not suitable for long-term investment due to compounding effects of daily rebalancing

👤 Best For

TMV is designed for experienced, sophisticated traders who have a high risk tolerance and are looking to make short-term, speculative bets against the long-term U.S. Treasury market. It is not suitable for long-term, buy-and-hold investors.