Direxion Daily 20+ Year Treasury Bull 3X Shares

TMF

Market cap $5.54B

Overview Fund Activity

41.65 USD

-0.51

1.21%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

41.51

-0.14

0.34%

1 day

-1.21%

5 days

2.38%

1 month

10.45%

3 months

8.41%

6 months

-3.18%

Year to date

3.45%

1 year

-33.11%

5 years

-89.81%

10 years

-78.15%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.78% less ownership

Funds ownership: 3.73% [Q1] → 2.95% (-0.78%) [Q2]

5% less call options, than puts

Call options by funds: $220M | Put options by funds: $231M

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

2% less funds holding

Funds holding: 64 [Q1] → 63 (-1) [Q2]

25% less capital invested

Capital invested by funds: $198M [Q1] → $148M (-$49.9M) [Q2]

See Fund Rankings

Financial journalist opinion

TMF: Leveraged Treasuries Might Work As A Diversification Tool Over 6-12 Months

I expect a U.S. recession soon, making long-term Treasuries attractive as yields typically fall during economic downturns, boosting bond prices. My proprietary trading research indicates a technical bottom is likely in Direxion Daily 20+ Year Treasury Bull 3X ETF, prompting me to initiate a small position for a speculative trade. I rate TMF a Buy for tactical bond positioning with leverage, but would not hold beyond 12 months due to swap expenses and the risk of foreign Treasury liquidations.

TMF: Leveraged Treasuries Might Work As A Diversification Tool Over 6-12 Months

Investors Business Daily

Are You Brave Enough To Buy The World's 10 Riskiest ETFs?

Risk is in vogue with ETF investors again. Signs of speculative fervor are increasingly clear — but are investors willing to jump in?

Are You Brave Enough To Buy The World's 10 Riskiest ETFs?

Fed Easing Could Heat These ETFs This Summer

May's inflation data could bring Treasury bulls back into the fray. If the Fed has the signal they need to start easing monetary policy, then it could bring up the Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) and the Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD).

Fed Easing Could Heat These ETFs This Summer

TMF: Not Favorable In Fat-Tailed Conflict Environment

TMF is correlated with shorter-duration ETFs, meaning that it's affected by what's happening to oil prices, inflation outlook and conflict in the Middle East. Long-term risks include concerns over the USD's reserve currency status, which is reflected in long-term yields. Given heightened geopolitical risks and uncertain rate expectations, I do not view duration bets like TMF as attractive at this time.

TMF: Not Favorable In Fat-Tailed Conflict Environment

Heavy Market Volatility Creates Opportunities for Treasuries

Tariffs are roiling the major stock market indexes with volatility. So investors have been pouring into bonds to escape the turmoil.

Heavy Market Volatility Creates Opportunities for Treasuries

TMF: No Silver Lining

President Trump's tariff policy risks triggering a severe recession or depression, with potential global economic fallout and retaliatory actions from trading partners. The tariffs are essentially a massive tax hike, affecting everyday items and potentially leading to significant economic downturns worse than the 2008 crisis. Economic uncertainty, market volatility, and recession risks are spiking, with equity prices likely to decline significantly as P/E ratios adjust to lower earnings.

TMF: No Silver Lining

Direxion Debuts New Single-Stock ETFs for Eli Lilly & Palo Alto

On Wednesday, Direxion expanded its suite of leveraged and inverse ETF products with the launch of four new funds. Each of the new Direxion ETFs offers leveraged or inverse exposure to a single stock's daily price performance.

Direxion Debuts New Single-Stock ETFs for Eli Lilly & Palo Alto

My Favorite Strategy To Trade Long-Term Treasury Bonds

The strategy uses signals to go long and short on bonds via TMF and TBT. By comparing the 30-day performance of SPY and DJP, the strategy determines positions in TBT or TMF based on inflation and asset price trends. The strategy shows positive alpha, negative beta to SPY, and outperforms TLT and SPY in average performance and Sharpe ratio, with lower drawdowns.

My Favorite Strategy To Trade Long-Term Treasury Bonds

TMF: Levered Bet On Duration

Direxion Daily 20+ Year Treasury Bull 3X Shares ETF offers 3x leveraged returns on long-term treasury bonds, making it highly sensitive to interest rate changes. Investor sentiment may be becoming too hawkish on Fed policy, with only 1 rate cut expected in 2025. However, the wildcard is President Trump's policies. If he implements his campaign promises of tariffs and tax cuts, inflation and budget deficits may soar, which could lead to higher yields.

TMF: Levered Bet On Duration

Top Performing Leveraged/Inverse ETFs: 12/01/2024

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs: 12/01/2024

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