Direxion Daily 20+ Year Treasury Bear 3X SharesTMV
TMV
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
214% more call options, than puts
Call options by funds: $41.9M | Put options by funds: $13.4M
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
5.42% less ownership
Funds ownership: 20.46% [Q2] → 15.04% (-5.42%) [Q3]
8% less funds holding
Funds holding: 26 [Q2] → 24 (-2) [Q3]
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
38% less capital invested
Capital invested by funds: $45.5M [Q2] → $28.1M (-$17.5M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for TMV.
Financial journalist opinion
Negative
Seeking Alpha
2 weeks ago
TMV: A Levered Play Against Treasuries
TMV offers leveraged inverse exposure to long-term Treasury bonds, aiming for three times the opposite daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The fund's 3x leverage allows for significant short-term gains, but also magnifies losses and requires hands-on management due to volatility decay. TMV is a potential hedging tool for those with large long positions in Treasury bonds, but its high expense ratio and complex structure are drawbacks.
Positive
Seeking Alpha
4 weeks ago
Turning Bullish Once More In TMV
Initially rated Direxion Daily 20+ Year Treasury Bear 3X Shares a 'Buy' in 2022, yielding 65% and 51% returns since commentaries, but downgraded to 'Hold' in 2023 due to time decay risks. Leveraged funds like TMV suffer from significant time decay in consolidating markets, requiring active trading rather than holding. TBF's recent MACD buy signal and golden cross indicate an upcoming bullish trend, prompting an upgrade of TMV back to 'Buy'.
Positive
ETF Trends
1 month ago
Rising Yields Bring Inverse Treasury ETFs Back to Positive Territory
With the path to rate cuts clearer, Treasury bonds have been heading higher since the start of the summer, but they've taken a turn. The return of rising yields have been putting the Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV) and the Direxion Daily 7-10 Year Treasury Bear 3X Shares (TYO) back into positive territory.
Neutral
Zacks Investment Research
1 month ago
Will U.S. Treasury Yields Surge Postelection? ETFs in Focus
Long-term U.S. treasury yields have been on the uptrend lately. Benchmark U.S. Treasury yields were 4.26% on Nov. 5, up from 3.74% recorded on Oct.1.
Neutral
Seeking Alpha
3 months ago
Rates Spark: ECB Presser Bear-Flattened The Curve
The ECB cut rates by 25bp as widely anticipated, but a slightly hawkish tilt bear flattened the EUR curve, which in our view remains priced aggressively. In the US, as the markets head towards the Fed's first rate cut, the probability of a larger cut rose slightly on Thursday.
Positive
ETF Trends
3 months ago
Expected Rate Cuts Can Keep Pushing These ETFs Higher
The expectation of interest rate cuts can keep pushing bond ETFs higher, giving traders options in bullish leveraged options for profit maximization. In the meantime, more investors are adding bonds to their portfolios, especially after a volatile August.
Neutral
ETF Trends
4 months ago
Aggressive Treasury Plays: Betting on September Fed Rate Cut
Yields on 10-year U.S. Treasuries have trended lower lately with bond markets pricing in a Federal Reserve rate cut as early as September. Aside from the usual Fed speculation, add in some extra uncertainty for the U.S. presidential election and interest rate traders may see some action in coming weeks and months.
Positive
ETF Trends
4 months ago
Rate Cut Hopes Can Elevate These Leveraged ETFs Higher
The anticipation for the first rate cut in this rate cycle keeps on building as capital markets hope to see one at least before 2024 comes to a close. Meantime, hopes for looser monetary policy can drive specific leveraged ETFs higher.
Negative
Seeking Alpha
5 months ago
Hawkish Remarks On Monday Would Play In Favor Of TMV
Direxion Daily 20+ Year Treasury Bear 3X Shares ETF is a leveraged ETF that takes a 3x position against long-dated Treasuries. Inflation expectations remain high, meaning that inflation will necessarily remain high absent major aggregate demand pressures. TMV could be an appropriate speculative play on Powell's upcoming speech on Monday, which will likely affirm a hawkish tone, as the Fed will see clearly inflation isn't falling enough.
Neutral
ETF Trends
5 months ago
Top Performing Leveraged/Inverse ETFs: 06/30/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
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