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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)

Short-term:★★★★☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
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 Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.029655
AutoTheta0.030698
AutoETS0.031275
AutoARIMA0.031275

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.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.65% 2.60% 3.41% 2.48%
Dividend History
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
Additional Data
dividendYield 2.59

Info Dump

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