Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)Trading--Inverse Debt | Exchange Traded Fund | NYSEArca
40.02 USD
-0.14
(-0.349%) ⇩
(July 14, 2026, 4 p.m.
EDT)
After hours: 40.14 +0.12 (0.300%) ⇧ (July 14, 2026, 6:56 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6:21 a.m. EDT
The short-term outlook is strongly bullish due to the massive 18.47% gain last year and the recent price recovery, which has erased much of the prior year's losses. The 3X leveraged nature of this inverse bond ETF means it thrives when yields fall, and the recent trend suggests that momentum is building for a continuation of lower yields. However, the long-term rating remains neutral because this is a volatile leveraged instrument designed for tactical trading, not a buy-and-hold investment; its performance is entirely dependent on the unpredictable direction of the 20+ year Treasury curve rather than sustainable business fundamentals. The dividend yield is nominal and derived solely from the fund's leverage mechanics, offering no real income safety. While the statistical forecast model shows no directional bias, the options flow clearly favors upside moves, reinforcing the view that traders are betting on a bond rally. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.029655 |
| AutoTheta | 0.030698 |
| AutoETS | 0.031275 |
| AutoARIMA | 0.031275 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 0.38 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.639 |
| Excess Kurtosis | 0.55 |
As of July 11, 2026, 6:21 a.m. EDT: Speculators are positioning for continued volatility with heavy out-of-the-money call interest at strikes significantly above current prices (45-50 range), suggesting a bet on a sharp rally in long-term bonds. Conversely, deep out-of-the-money put volume indicates a hedge against a bond crash, though the immediate term shows balanced ATM positioning.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.65% | 2.60% | 3.41% | 2.48% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.24100 | 0.645766 |
| 2026-03-24 | 0.37500 | 0.981675 |
| 2025-12-23 | 0.11600 | 0.316853 |
| 2025-09-23 | 0.22900 | 0.654473 |
| 2025-06-24 | 0.28300 | 0.746899 |
| 2025-03-25 | 0.43000 | 1.190147 |
| 2024-12-23 | 0.15000 | 0.380904 |
| 2024-09-24 | 0.31600 | 1.115819 |
| 2024-06-25 | 0.39700 | 1.205588 |
| 2024-03-19 | 0.49400 | 1.404606 |
| 2023-12-21 | 0.27000 | 0.914944 |
| 2023-09-19 | 0.26100 | 0.676516 |
| 2023-06-21 | 0.31575 | 1.114740 |
| 2023-03-21 | 0.29825 | 1.068613 |
| 2020-03-24 | 0.05000 | 0.359712 |
| 2019-12-23 | 0.05250 | 0.180879 |
| 2019-09-24 | 0.13750 | 0.535019 |
| 2019-06-25 | 0.17500 | 0.517369 |
| 2019-03-19 | 0.10750 | 0.237569 |
| 2018-12-27 | 0.13750 | 0.290237 |
| 2018-09-25 | 0.13000 | 0.245052 |
| 2018-06-19 | 0.01500 | 0.030864 |
| 2009-11-20 | 91.86250 | 12.536677 |
| Attribute | Value |
|---|---|
| All Time High | 1,296.125 |
| All Time Low | 10.9625 |
| Ask | 0.0 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 479,190 |
| Average Daily Volume3 Month | 629,334 |
| Average Volume | 629,334 |
| Average Volume10Days | 479,190 |
| Beta3 Year | -6.95 |
| Bid | 0.0 |
| Bid Size | 300 |
| Category | Trading--Inverse Debt |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 40.075 |
| Day Low | 39.44 |
| Dividend Yield | 2.59 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 38.5794 |
| Fifty Day Average Change | 1.4406013 |
| Fifty Day Average Change Percent | 0.037341207 |
| Fifty Two Week Change Percent | -2.072668 |
| Fifty Two Week High | 42.54 |
| Fifty Two Week High Change | -2.5200005 |
| Fifty Two Week High Change Percent | -0.059238374 |
| Fifty Two Week Low | 31.82 |
| Fifty Two Week Low Change | 8.200001 |
| Fifty Two Week Low Change Percent | 0.25769958 |
| Fifty Two Week Range | 31.82 - 42.54 |
| First Trade Date Milliseconds | 1,239,888,600,000 |
| Five Year Average Return | 0.16520281 |
| Full Exchange Name | NYSEArca |
| 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 the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track 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. It is non-diversified. |
| Long Name | Direxion Daily 20+ Year Treasury Bear 3X Shares |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_54908377 |
| Nav Price | 40.181 |
| Net Assets | 163,211,440.0 |
| Net Expense Ratio | 0.97 |
| Open | 39.92 |
| Phone | 866-476-7523 |
| Post Market Change | 0.11999893 |
| Post Market Change Percent | 0.2998474 |
| Post Market Price | 40.14 |
| Post Market Time | 1,784,069,777 |
| Previous Close | 40.16 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.139999 |
| Regular Market Change Percent | -0.348604 |
| Regular Market Day High | 40.075 |
| Regular Market Day Low | 39.44 |
| Regular Market Day Range | 39.44 - 40.075 |
| Regular Market Open | 39.92 |
| Regular Market Previous Close | 40.16 |
| Regular Market Price | 40.02 |
| Regular Market Time | 1,784,059,200 |
| Regular Market Volume | 452,465 |
| Short Name | Direxion Daily 20-Year Treasury |
| Source Interval | 15 |
| Symbol | TMV |
| Three Year Average Return | 0.0394419 |
| Total Assets | 163,211,440 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 0.00917 |
| Trailing Three Month Returns | 0.00917 |
| Triggerable | 1 |
| Two Hundred Day Average | 36.42585 |
| Two Hundred Day Average Change | 3.5941505 |
| Two Hundred Day Average Change Percent | 0.098670326 |
| Type Disp | ETF |
| Volume | 452,465 |
| Yield | 0.025899999 |
| Ytd Return | 1.50238 |