Direxion Daily 20+ Year Treasury Bear 3X Shares

TMV

Market cap $160M

Overview Fund Activity

34.13 USD

-0.29

0.84%

At close Updated Sep 15, 4:00 PM EDT

Pre-market

After hours

33.90

-0.23

0.67%

1 day

-0.84%

5 days

-2.4%

1 month

-12.4%

3 months

-16.14%

6 months

-3.8%

Year to date

-13.57%

1 year

29.43%

5 years

173.04%

10 years

-55.76%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

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

276% more call options, than puts

Call options by funds: $46.7M | Put options by funds: $12.4M

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

4% more funds holding

Funds holding: 27 [Q1] → 28 (+1) [Q2]

4.48% less ownership

Funds ownership: 24.17% [Q1] → 19.68% (-4.48%) [Q2]

15% less capital invested

Capital invested by funds: $42M [Q1] → $35.6M (-$6.4M) [Q2]

22% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 9

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Financial journalist opinion

This legendary investor has been shorting Treasury bonds. Here's how to bet with him — without going broke.

Stanley Druckenmiller's bet against America's debt is no ordinary trade.

This legendary investor has been shorting Treasury bonds. Here's how to bet with him — without going broke.

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

TMV: Bear Bet On Structural Financial Conditions

TMV offers a high-risk, high-reward way to speculate on rising long-term Treasury yields, but is only suitable for short-term, event-driven trades. Concerns about the USD's reserve currency status, driven by isolationism policy, could pressure long-duration Treasuries. Leveraged ETFs like TMV suffer from value erosion and compounding risk, making them unsuitable for buy-and-hold investors or those unfamiliar with their mechanics.

TMV: Bear Bet On Structural Financial Conditions

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

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

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