Name of ETF: Direxion Daily 20-Year Treasury Bear 3X
Benchmark Index: NYSE 20 Year Plus Treasury Bond Index
Ticker Symbol: TMV
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 20 Year Plus Treasury Bond Index goes up the ETF is designed to go down and if the NYSE 20 Year Plus Treasury Bond Index goes down, the ETF is designed to go up.
- This ETF is a leveraged ETF which means it attempts to produce daily investment above the benchmark index results based on a multiplier. In the case of this ETF the multiplier is -3x (-300%).
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