Direxion Daily 20+ Year Treasury Bear 1X Shares (TYBS)
Direxion Daily 20+ Year Treasury Bear 1X Shares operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $13.84, down 0.37% on the session, giving a market capitalisation of $1.4M. Its beta of -2.88 implies it has historically moved less than the broad market.
This fund aims to provide daily investment returns, before expenses, that precisely reflect 100% of the inverse (or opposite) daily movement of the ICE U.S. Treasury 20+ Year Bond Index. Under typical market conditions, the fund allocates at least 80% of its net assets (including any borrowed funds) to a combination of financial instruments such as swap agreements, futures contracts, and short positions, which collectively generate inverse exposure to the specified index. The benchmark index tracks publicly issued U.S. Treasury bonds with remaining maturities exceeding 20 years, weighted by their market value. This fund is structured as a non-diversified investment.
Direxion Daily 20+ Year Treasury Bear 1X Shares is most often compared with the following Financial Services names: