Direxion Daily 20-Year Treasury Bear 3XDirexion Daily 20-Year Treasury Bear 3XDirexion Daily 20-Year Treasury Bear 3X

Direxion Daily 20-Year Treasury Bear 3X

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Key stats

Assets under management (AUM)
‪210.16 M‬USD
Fund flows (1Y)
‪−140.43 M‬USD
Dividend yield (indicated)
4.30%
Discount/Premium to NAV
0.04%

About Direxion Daily 20-Year Treasury Bear 3X

Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.01%
Home page
Inception date
Apr 16, 2009
Index tracked
US Treasury 20+ Year Index
Management style
Passive
TMV provides daily inverse (-3x) exposure to the ICE U.S. Treasury 20+ Year Bond Index. Using a combination of swaps and futures, TMV gives investors -3x exposure to daily moves in T-bonds with more than 20 years left to maturity. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than one day. In short, the fund is a valid option for tactical positioning/hedging against rising interest rates, but it's important to keep in mind that the -3x leverage results in greater impact from the effects of compounding. As a levered product, TMV is not a buy-and-hold ETF, it's a short-term tactical instrument. Prior to May 2, 2016, TMV tracked the NYSE 20+Year Treasury Bond Index. The change had minimal impact on investors exposure.

Classification

Asset Class
Fixed income
Category
Government, treasury
Focus
Investment grade
Niche
Long-term
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%

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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy