Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD)
ARCA ARCA Primary Summary
TYD Chart
This Leveraged ETF Reverses Course as Volatility Strikes
For the first six months of 2024, the Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD) was trending lower. That's because he higher-for-longer interest rates narrative was pushing bond prices lower.
Direxion Daily 7-10 Year Treasury Bull 3X Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Lydia Moore MRP Capital Investments LLC | 1,048 | $25,687 | $24,297.88 | -$1,389.12 | -5.41% |
 Ruth Thortvedt Financial Network Wealth Advisors LLC | 200 | $5,074 | $4,651 | -$423 | -8.34% |
 Kings Path Partners LLC Kings Path Partners LLC | 61 | $1,518.59 | $1,425.57 | -$93.02 | -6.13% |
Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD) FAQ
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Direxion Daily 7-10 Year Treasury Bull 3X Shares Profile
| ARCA Exchange | US Country |
Overview
The fund described focuses on offering its investors a sophisticated investment vehicle that aims to maximize returns through 3X daily leveraged exposure to a specific index. This index is comprised of U.S. Treasury securities with maturities ranging between seven and ten years. The fund operates by allocating at least 80% of its net assets into a combination of financial instruments such as swap agreements, securities of the index, and ETFs that are designed to mirror the performance of the index. Employing leverage to amplify daily index returns, the fund seeks to achieve its investment objective within the constraints of its non-diversified status, focusing its investments in a narrower range of securities for potentially higher returns.
Products and Services
- Swap Agreements
The fund employs swap agreements as one of its primary financial instruments. These are derivative contracts through which two parties exchange the cash flows or liabilities from two different financial instruments. Typically, one of these cash flows will be fixed, while the other will be variable, often based on a benchmark interest rate, foreign exchange rate, index price, or commodity price. Swap agreements enable the fund to gain exposure to the index's returns without needing to directly own the underlying assets.
- Securities of the Index
Direct investment in the securities that compose the index is another fundamental strategy for this fund. By purchasing U.S. Treasury securities with maturities of seven to ten years that are part of the index, the fund can closely track the index's performance. These securities provide a more direct investment approach and are used alongside other financial instruments to achieve the desired leveraged exposure to the index.
- ETFs that Track the Index
In addition to swaps and direct securities, the fund invests in ETFs that replicate the performance of the index. This provides an additional layer of diversification and leveraged exposure. ETFs offer the advantage of being traded like common stock while enabling the fund to gain broad exposure to the securities within the index. This diversified investment strategy allows the fund to more effectively manage risks associated with direct investments in individual securities or derivatives.
