TMV - Direxion Daily 20+ Year Treasury Bear 3X Shares

NYSEArca - NYSEArca Delayed Price. Currency in USD
-0.42 (-3.77%)
At close: 4:00PM EDT
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Previous Close11.15
Bid10.69 x 800
Ask10.77 x 38800
Day's Range10.70 - 11.07
52 Week Range9.39 - 23.70
Avg. Volume1,319,998
Net Assets121.46M
PE Ratio (TTM)N/A
YTD Return-41.38%
Beta (3Y Monthly)-9.97
Expense Ratio (net)1.02%
Inception Date2009-04-16
Trade prices are not sourced from all markets
  • Benzinga

    It Was A Hot Summer For Leveraged Bond ETFs

    Among the leveraged bond ETFs experiencing elevated activity were the Direxion Daily 7-10 Year Treasury Bull 3X Shares (NYSE: TYD) and its bearish equivalent, the Direxion Daily 7-10 Year Treasury Bear 3X Shares (NYSE: TYO) as well as the Direxion Daily 20+ Year Treasury Bull 3X Shares (NYSE: TMF) and the Direxion Daily 20+ Year Treasury Bear 3X Shares (NYSE: TMV). Some of that action has matriculated into September.

  • ETF Trends

    Bearish Treasury Bond ETFs for the Contrarian Investor

    Bond markets rallied as rates plunged, with yields on 30-year Treasury notes dipping to record lows this week. Contrarian investors who believe the gains were overdone may consider some alternative bond-related ...

  • The Top 5 Inverse-Bond ETFs

    The Top 5 Inverse-Bond ETFs

    These inverse Bond-ETF offerings should give investors a good overview of some of the options out there.

  • ETF Trends

    Jamie Dimon Calls for Government Shutdown to “End Immediately”

    JP Morgan CEO Jamie Dimon said in a note on Friday that the bank is giving $1 million to Feeding America and United Way Worldwide to provide meals, services, counseling, and other financial aid to help federal workers and their families affected by the government shutdown. With government officials advising unpaid federal workers to take out loans and other forms of credit in the midst of the shutdown, Dimon and JP Morgan decided to take action. "As the government shutdown drags on, I want you to know that we're working hard to help our communities and our customers, just as we do whenever they are struggling.

  • ETF Trends

    Traders Love This Bearish Bond ETF

    With the Federal Reserve having raised interest rates three times this year, many fixed income investors are departing long-dated bonds and the related exchange traded funds. Some traders are taking that ...

  • ETF Trends

    20+ Yr Leveraged Bond ETF is One to Watch

    The Federal Reserve is widely expected to raise interest rates in December, marking the fourth time this year the central bank will have done so. With less than two months left in 2018, fixed income market observers are turning their attention to the Fed's 2019 interest rate plans. “Contracts tied to the Fed’s policy rate that are traded at CME Group’s Chicago Board of Trade pared earlier losses after the Fed slightly downgraded its description of business investment, saying growth had moderated since earlier in the year,” Reuters reports.

  • ETF Trends

    Leveraged Treasury Bear ETF Rockets Past 200-Day MA During October

    "Red October" and "Volatile October" are just a couple of monikers the past month can be aptly named after the capital markets were fueled by sell-offs. The bond market saw its fair share of doldrums as a result of the whipsawing volatility as Treasury yields reached its own highs--a boon for TMV. As bond prices were getting depressed, a movement into short duration by dogpiling into certain bond ETFs for the purposes of hedging benefitted TMV.

  • Yields Are Soaring: Here's How to Short Treasury With ETFs

    Yields Are Soaring: Here's How to Short Treasury With ETFs

    As yields are surging, investors are putting their money in ETFs that bet against U.S. Treasury bond. Here's how to play.

  • ETF Trends

    5 Leveraged Treasury ETPs Benefitting from Rising Yields

    As benchmark Treasury yields continue to shoot up as the Labor Department revealed more jobs data on Friday, leveraged bear and inverse Treasury exchange-traded products (ETPs) continued to benefit from the rise. As the Dow Jones Industrial Average fell over 150 points less than an hour before the close of the market, benchmark Treasury yields continued their weeklong ascent with the 10-year note hitting 3.229 and the 30-year settling to 3.403.

  • ETF Trends

    Continued Rate Hikes a Boon for ‘TMV’ ETF

    While the U.S. economy continues its forward momentum with tailwinds from a strong stock market that has already seen major indexes like the S&P 500 reach record levels, the Federal Reserve is primed to continue hiking the federal funds rate, which is a boon to the  Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV) . TMV seeks daily investment results before fees and expenses of 300% of the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. TMV invests in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short leveraged exposure to the index, which is a market value weighted index that includes publicly issued U.S. Treasury debt securities that have a remaining maturity of greater than 20 years.