Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF)Trading--Leveraged Debt | Exchange Traded Fund | NYSEArca
31.33 USD
-0.31
(-0.980%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 31.36 +0.03 (0.096%) ⇧ (Aug. 28, 2026, 7:50 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3:45 a.m. EDT
This is a distressed momentum play on a leveraged bond ETF that has suffered catastrophic long-term losses. The underlying asset, the 20+ year Treasury bull ETF, has lost over 87% of its value since inception, reflecting a decade-long bear market in long-duration bonds. While the recent price action shows a slight stabilization near $30, the technicals remain broken, trading well below both the 50-day and 200-day moving averages. The short-term outlook is cautiously bearish to neutral; the statistical forecast models a slight decline over the next month, and the options market is screaming for downside protection with massive put open interest at strikes significantly lower than the current price. The 4.75% dividend yield is misleading; it is a return of capital from the asset's destruction, not sustainable income, and the payout ratio is unsustainable given the compounding losses. There is no fundamental recovery story here yet; the market is waiting for a definitive shift in interest rate expectations before this leveraged vehicle can regain any traction. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.129165 |
| AutoARIMA | 0.129422 |
| MSTL | 0.133719 |
| AutoTheta | 0.139906 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 4.34 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.040 |
| Excess Kurtosis | 0.38 |
As of Aug. 22, 2026, 3:45 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 20, 26, 27) and significant volume spikes in put writing at strikes 26 and 31. Call activity is concentrated near the money with heavy open interest walls at strikes 33 and 39, suggesting a 'long gamma' setup where dealers face pressure if the price rises, but the overwhelming capital allocation is defensive. Implied volatility is elevated for far-dated puts, indicating a fear of a significant drop below current levels.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.03% | 3.88% | 3.55% | 2.58% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.3650 | 1.032240 |
| 2026-03-24 | 0.2230 | 0.631013 |
| 2025-12-23 | 0.4590 | 1.213323 |
| 2025-09-23 | 0.4050 | 1.006962 |
| 2025-06-24 | 0.3620 | 0.947396 |
| 2025-03-25 | 0.2880 | 0.679245 |
| 2024-12-23 | 0.5240 | 1.299281 |
| 2024-09-24 | 0.4350 | 0.738289 |
| 2024-06-25 | 0.4350 | 0.819827 |
| 2024-03-19 | 0.3200 | 0.616333 |
| 2023-12-21 | 0.4970 | 0.766502 |
| 2023-09-19 | 0.5000 | 0.894454 |
| 2023-06-21 | 0.4800 | 0.598504 |
| 2023-03-21 | 0.3500 | 0.406977 |
| 2022-12-20 | 0.4700 | 0.547786 |
| 2022-09-20 | 0.3600 | 0.371134 |
| 2022-06-22 | 0.2600 | 0.217028 |
| 2022-03-22 | 0.1500 | 0.082919 |
| 2021-12-21 | 0.0200 | 0.006940 |
| 2021-09-21 | 0.0500 | 0.016578 |
| 2021-06-22 | 0.1400 | 0.053660 |
| 2021-03-23 | 0.1500 | 0.065303 |
| 2020-12-10 | 13.7200 | 3.873518 |
| 2020-03-24 | 0.9900 | 0.242826 |
| 2019-12-23 | 0.5000 | 0.189251 |
| 2019-09-24 | 0.5900 | 0.189955 |
| 2019-06-25 | 0.6700 | 0.267679 |
| 2019-03-19 | 0.6800 | 0.353430 |
| 2018-12-27 | 0.9700 | 0.520107 |
| 2018-09-25 | 0.5700 | 0.333139 |
| 2018-06-19 | 1.0400 | 0.545932 |
| 2018-03-20 | 0.3000 | 0.165107 |
| 2017-12-19 | 0.7200 | 0.336921 |
| 2017-06-20 | 0.1800 | 0.081448 |
| 2013-09-17 | 0.1950 | 0.173333 |
| 2013-06-18 | 0.2950 | 0.201125 |
| 2013-03-19 | 0.1350 | 0.082468 |
| 2012-12-18 | 0.1850 | 0.105039 |
| 2012-03-21 | 0.1175 | 0.084229 |
| 2011-12-13 | 1.2475 | 0.737838 |
| 2010-12-22 | 0.7300 | 0.879518 |
| 2010-12-14 | 2.4675 | 3.038793 |
| 2010-09-22 | 0.2700 | 0.222177 |
| 2010-06-22 | 0.5500 | 0.535280 |
| 2010-03-23 | 0.3900 | 0.485528 |
| 2009-12-22 | 0.7050 | 0.890433 |
| 2009-11-20 | 10.4925 | 11.227930 |
| 2009-09-22 | 0.7925 | 0.732440 |
| 2009-06-23 | 0.1625 | 0.161051 |
| Attribute | Value |
|---|---|
| All Time High | 583.0 |
| All Time Low | 29.45 |
| Ask | 31.29 |
| Ask Size | 1,800 |
| Average Daily Volume10 Day | 4,515,590 |
| Average Daily Volume3 Month | 3,788,398 |
| Average Volume | 3,788,398 |
| Average Volume10Days | 4,515,590 |
| Beta3 Year | 7.22 |
| Bid | 31.35 |
| Bid Size | 2,000 |
| Category | Trading--Leveraged Debt |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 32.1566 |
| Day Low | 31.25 |
| Dividend Yield | 4.75 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 32.7626 |
| Fifty Day Average Change | -1.4326 |
| Fifty Day Average Change Percent | -0.04372669 |
| Fifty Two Week Change Percent | -12.5 |
| Fifty Two Week High | 44.24 |
| Fifty Two Week High Change | -12.910002 |
| Fifty Two Week High Change Percent | -0.2918174 |
| Fifty Two Week Low | 29.45 |
| Fifty Two Week Low Change | 1.8799992 |
| Fifty Two Week Low Change Percent | 0.063836984 |
| Fifty Two Week Range | 29.45 - 44.24 |
| First Trade Date Milliseconds | 1,239,888,600,000 |
| Five Year Average Return | -0.34239423 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.309999 |
| Fullday Change Percent | -0.979771 |
| Fullday Price | 31.36 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,239,840,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. The fund is non-diversified. |
| Long Name | Direxion Daily 20+ Year Treasury Bull 3X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_54908379 |
| Nav Price | 31.665 |
| Net Assets | 2,147,402,880.0 |
| Net Expense Ratio | 0.9 |
| Open | 31.53 |
| Phone | 866-476-7523 |
| Post Market Change | 0.030000687 |
| Post Market Change Percent | 0.09575706 |
| Post Market Price | 31.36 |
| Post Market Time | 1,787,961,003 |
| Previous Close | 31.64 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.309999 |
| Regular Market Change Percent | -0.979771 |
| Regular Market Day High | 32.1566 |
| Regular Market Day Low | 31.25 |
| Regular Market Day Range | 31.25 - 32.1566 |
| Regular Market Open | 31.53 |
| Regular Market Previous Close | 31.64 |
| Regular Market Price | 31.33 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 6,281,312 |
| Short Name | Direxion Daily 20-Yr Treasury B |
| Source Interval | 15 |
| Symbol | TMF |
| Three Year Average Return | -0.1671802 |
| Total Assets | 2,147,402,880 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -11.17394 |
| Trailing Three Month Returns | -11.17394 |
| Triggerable | 1 |
| Two Hundred Day Average | 36.2062 |
| Two Hundred Day Average Change | -4.8761997 |
| Two Hundred Day Average Change Percent | -0.13467859 |
| Type Disp | ETF |
| Volume | 6,281,312 |
| Yield | 0.0475 |
| Ytd Return | -16.52447 |