TMVDirexion Daily 20+ Year Treasury Bear 3x Shares
TMV Fund Description
TMV provides -3x daily exposure to an index of U.S. Treasury bonds with over 20 years to maturity.
TMV Factset Analytics Insight
TMV delivers a highly potent, but volatile, solution to betting on rising rates. The fund uses swaps to deliver the daily returns of a 3x short position in Treasury bonds with more than 20 years left to maturity. This results in highly negative duration. The daily reset, combined with -3x leverage, can lead to significant deviations in performance over longer holding periods than a day. As such, long-term speculative positions, especially in oscillating markets, aren’t advised. TMV provides decent tradability, cost, and assets under management considering the exposure provided. Prior to May 2, 2016, TMV tracked the NYSE 20+Year Treasury Bond Index. The change is not expected to have a material impact on exposure or performance.
TMV CHARTS AND PERFORMANCE
TMV Portfolio Data
TMV Index Data
TMV Fund Structure
TMV Tax Exposures
TMV 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.
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.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.