Name of ETF: Direxion Daily 20-Year Treasury Bear 1x Shares
Benchmark Index: NYSE 20 Year Plus Treasury Bond Index
Ticker Symbol: TYBS
Provider: Direxion Investments
Key Points:
- The NYSE 20 Year Plus Treasury Bond Index consists of U.S. Treasury bonds that have maturity dates over 20 years.
- This ETF attempts to produce investment results in the opposite direction of the index. If the NYSE Index goes up, the ETF is designed to go down. If the NYSE Index goes down, the ETF is designed to go up.
- The daily target for this ETF is -100% of the benchmark index.
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