7-Aug-2026
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The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index (the "Index"). The 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. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the Index or to exchange-traded funds ("ETFs") that track the Index, consistent with the Fund's investment objective. The financial instruments in which the Fund most commonly invests are swap agreements and futures agreements which are intended to produce economically inverse leveraged investment results.
Direxion Daily 20 Year Plus Treasury Bear 3X ETF trades on the ARCA stock market under the symbol TMV.
As of August 7, 2026, TMV stock price declined to $41.79 with 754,965 million shares trading.
TMV has a beta of -0.36, meaning it tends to be less sensitive to market movements. TMV has a correlation of 0.03 to the broad based SPY ETF.
TMV has a market cap of $185.84 million. This is considered a Micro Cap stock.
In the last 3 years, TMV traded as high as $53.77 and as low as $26.16.
TMV has underperformed the market in the last year with a price return of +15.2% while the SPY ETF gained +23.5%. However, in the short term, TMV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.9% vs +6.0% return in SPY. But in the last 2 weeks, TMV shares have been beat by the market, returning +0.9% compared to an SPY return of +4.6%.
TMV support price is $41.49 and resistance is $42.71 (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.
