TMV — Direxion Daily 20+ Year Treasury Bear 3X Shares
Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)
TMV pays a 2.24% distribution rate, quarterly, on a 0.97% expense ratio. Total return is -93.4% over the past 17.3 years, 1215.1 points behind SPY at 1121.7%. Its deepest 1-year drawdown was 19.3%.
This ETF seeks to deliver three times the daily inverse performance of long-term U.S. Treasury securities with remaining maturities exceeding 20 years, making it a leveraged bearish bet on Treasury prices that moves opposite to the underlying index. The fund carries a modest current distribution rate with quarterly distributions and charges an expense ratio of 0.97%. It appeals to tactical traders and investors seeking short-term bearish exposure to the long-duration Treasury market, though its daily reset mechanism makes it unsuitable as a buy-and-hold investment.
TMV key facts
- Issuer
- Direxion
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/16/2009
- Expense ratio
- 0.97%
- Distribution rate
- 2.24%
- Distribution frequency
- Quarterly
- Trailing yield
- 2.24%
- Last close
- $42.97
- AUM
- $189,225,710
- Average volume
- 1282500.0
- Last dividend
- $0.2410
- Ex-dividend date
- 06/23/2026
- Payment date
- 06/30/2026
- Beta
- -6.99
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