iPath US Treasury 5-year Bear ETN
DFVS
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- United States of America
- IPO Date
- Jul 11, 2011
- CIK
- 0000312070
- Similar Companies
- Business
- iPath US Treasury 5-year Bear ETN (DFVS) is an exchange-traded note issued by Barclays Bank PLC that provides inverse exposure to the performance of the Barclays 5Y US Treasury Futures Targeted Exposure Index (the "Index"), seeking to capture returns from increases in 5-year US Treasury yields through short positions in 5-year Treasury futures contracts. The ETN's return is inversely linked to the Index's performance, calculated using the daily volume-weighted average price of the underlying futures, less an investor fee; it offers leveraged inverse exposure without principal protection and is subject to Barclays' credit risk as an unsecured senior debt obligation. DFVS trades on major US exchanges such as NYSE Arca and Nasdaq, targeting institutional and retail investors seeking to hedge interest rate risk or bet against Treasury price appreciation. Launched on July 11, 2011, with a scheduled maturity of July 12, 2021, the ETN operates within the fixed income derivatives segment of the investment products industry, complementing Barclays' broader iPath suite of commodity, volatility, and rates-linked ETNs; it has no subsidiaries or parent relationships beyond issuance by Barclays Bank PLC, headquartered in London, United Kingdom, with primary operations in the United States and global investor access. In recent developments, Barclays has actively managed its iPath ETN portfolio through issuer call redemptions, including the full redemption of four unrelated iPath ETNs (covering livestock, copper, grains, and platinum) announced on June 12, 2025, with a redemption date of June 25, 2025, following amended indentures from cash tender offers and consent solicitations; similar redemptions occurred for six iPath ETNs in December 2022, reflecting ongoing portfolio optimization and risk management amid low outstanding amounts. Barclays announced proposed changes to the index methodology for the iPath Select MLP ETNs in February 2025, extending quarterly rebalancing from four to eight business days effective April 11, 2025, as part of broader index sponsor consultations; additionally, sixteen iPath ETNs, including rates products, transferred primary listings in December 2024 to enhance trading efficiency via Nasdaq's end-to-end solutions. No specific funding rounds, acquisitions, new launches, or name changes directly affect DFVS, which continues trading with heightened redemption risks typical of legacy ETNs past their original maturity.