Direxion Daily 20+ Year Triple Short Treasury ETF

TMV ETF Triple Short 20 Year Treasury Bonds

The Direxion daily 20+ Year triple short Treasury ETF (TMV) aims to deliver 3x the inverse (negative) daily performance of the NYSE 20 Year Plus Treasury Bond Index (AXTWEN) before fees, expenses and interest income. In essence, the 3x bear ETF (TMV) is considered a short bond etf and more precisely a short treasury ETF particularly for investors seeking to short or have negative exposure to longer term treasury bonds. As the name implies, the TMV ETF seeks 300% inverse "daily" returns because due to the compounding of daily returns it is important to note that returns for periods longer than one day the TMV ETF may exhibit significant tracking error of its benchmark.

Direxion Daily 20+ Year Triple Short Treasury ETF (TMV) vital stats:

Symbol: TMV

Exchange: NYSE Arca

Expense Ratio: 1.13%

CUSIP: 25459W 532

Dividend Yield: NA

Assets: $164 Million as of 7/31/2010

Options: Available

Inception Date: 4/16/2009

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