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

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 Bear 3X trades on the ARCA stock market under the symbol TMV.

As of December 13, 2024, TMV stock price climbed to $36.45 with 1,275,813 million shares trading.

TMV has a beta of -0.90, meaning it tends to be less sensitive to market movements. TMV has a correlation of 0.05 to the broad based SPY ETF.

TMV has a market cap of $189.43 million. This is considered a Micro Cap stock.

In the last 3 years, TMV traded as high as $53.77 and as low as $12.90.

TMV has underperformed the market in the last year with a return of +18.2%, while SPY returned +29.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TMV shares. However, TMV has outperformed the market in the last 3 month and 2 week periods, returning +35.5% and +11.8%, while SPY returned +7.8% and +0.3%, respectively. This indicates TMV has been having a stronger performance recently.

TMV support price is $34.50 and resistance is $36.38 (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 TMV shares will trade within this expected range on the day.