# Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) — Overview

TMV · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/tmv

## Price

Last close $45.66 on Oct 15, 2026. 52-week range $31.94 – $50.84.

## Fund profile

TMV provides -3x daily exposure to a market-value-weighted index of US Treasury bonds with over 20 years to maturity.

| Metric | Value |
| --- | --- |
| Issuer | Rafferty Asset Management, LLC |
| Industry | — |
| Inception | Apr 16, 2009 |
| Assets under management | $235.7M |
| Expense ratio | 0.97% |
| Net asset value | $47.64 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 3x |

## Frequently Asked Questions

### What is Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV)?

TMV provides -3x daily exposure to a market-value-weighted index of US Treasury bonds with over 20 years to maturity.

### What is TMV's expense ratio?

Direxion Daily 20+ Year Treasury Bear 3X ETF charges an annual expense ratio of 0.97%. The fund is issued by Rafferty Asset Management, LLC.

### How large is TMV?

Direxion Daily 20+ Year Treasury Bear 3X ETF manages $235.7M in assets and has traded since Apr 16, 2009.

### How do I buy shares of Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV)?

TMV trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).