Direxion Daily 20+ Year Treasury Bear 3X Shares
TMV
Market cap $188M

39.16 USD

+0.21

0.54%

At close Jan 29, 4:00 PM EST

After hours

39.00

-0.16

0.41%

1 day

0.54%

5 days

-4.35%

1 month

0.28%

3 months

11.82%

6 months

15.35%

Year to date

-0.84%

1 year

15.96%

5 years

60.95%

10 years

-36.94%

0

Funds holding %

of 6,831 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

50% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 6

3.43% less ownership

Funds ownership: 20.49% [Q2] → 17.05% (-3.43%) [Q3]

4% less funds holding

Funds holding: 26 [Q2] → 25 (-1) [Q3]

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

26% less capital invested

Capital invested by funds: $45.6M [Q2] → $33.5M (-$12.1M) [Q3]

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Research analyst outlook

We haven’t received any recent analyst ratings for TMV.

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Financial journalist opinion

Based on 3 articles about TMV published over the past 30 days

3 ETFs to Watch as Yields Continue to Creep Higher

Inflation appears to be stubborn and persistent. That's providing entry points for three Direxion inverse ETFs for traders looking to capitalize on rising yields.

3 ETFs to Watch as Yields Continue to Creep Higher

Zacks Investment Research

ETF Strategies to Play Amid Rising Treasury Yields

These ETF strategies may safeguard your portfolio amid rising treasury yields.

ETF Strategies to Play Amid Rising Treasury Yields

Zacks Investment Research

Inverse Treasury ETFs Rallying on Spike in Yields

The spike in yields has led to a surge in ETFs that bet against U.S. Treasury bonds.

Inverse Treasury ETFs Rallying on Spike in Yields

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.

TMV: A Levered Play Against Treasuries

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'.

Turning Bullish Once More In TMV

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.

Rising Yields Bring Inverse Treasury ETFs Back to Positive Territory

Zacks Investment Research

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.

Will U.S. Treasury Yields Surge Postelection? ETFs in Focus

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.

Rates Spark: ECB Presser Bear-Flattened The Curve

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.

Expected Rate Cuts Can Keep Pushing These ETFs Higher

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.

Aggressive Treasury Plays: Betting on September Fed Rate Cut

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