TMV Direxion Daily 20+ Year Treasury Bear 3x Shares
What is TMV?
TMV provides -3x daily exposure to a market-value-weighted index of US Treasury bonds with over 20 years to maturity.
TMV Factset Analytics Insight
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 investor’s exposure.
TMV Summary Data
Peers
Fund Flows
TMV Fund Structure
TMV Tax Exposures
TMV Portfolio Data
TMV Index Data
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TMV. TMV is rated a N/A out of 5.
TMV Tradability
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
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