TMF Stock Summary and Trading Ideas (Direxion Daily 20 Year Plus Treasury Bull 3X | ARCA:TMF)

The Direxion Daily 20+ Year Treasury Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will meet their stated investment objectives. These leveraged ETFs seek a return that is +300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark s cumulative return for periods greater than a day. The ICE U.S. Treasury 20+ Year Bond 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. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are zero-coupon STRIPS, inflation linked securities, floating rate notes, cash management and Treasury bills, and any government agency debt issued with or without a government guarantee. One cannot directly invest in an Index.

Direxion Daily 20 Year Plus Treasury Bull 3X trades on the ARCA stock market under the symbol TMF.

As of December 13, 2024, TMF stock price declined to $44.54 with 7,725,839 million shares trading.

TMF has a beta of 0.90, meaning it tends to be less sensitive to market movements. TMF has a correlation of 0.06 to the broad based SPY ETF.

TMF has a market cap of $5.56 billion. This is considered a Mid Cap stock.

In the last 3 years, TMF traded as high as $299.30 and as low as $38.30.

TMF has underperformed the market in the last year with a price return of -24.3% while the SPY ETF gained +29.9%. TMF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.3% and -10.5%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

TMF support price is $44.53 and resistance is $46.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TMF shares will trade within this expected range on the day.