Direxion Daily 20+ Year Treasury Bear 1X Shares
TYBS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- IPO Date
- Mar 23, 2011
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily 20+ Year Treasury Bear 1X Shares (TYBS) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index; the fund employs derivatives including futures contracts and swap agreements to establish short positions in fixed-rate, U.S. dollar-denominated Treasury securities with maturities of 20 years or more. Launched on March 23, 2011, and domiciled in the United States, TYBS trades on the NYSE Arca exchange and targets sophisticated investors seeking leveraged exposure to declines in long-term U.S. Treasury prices, primarily institutional traders and active market participants in the fixed income derivatives segment. The fund is issued by Direxion Shares ETF Trust, managed by Rafferty Asset Management, LLC, with no direct subsidiaries but part of Direxion's broader lineup of over 50 leveraged and inverse ETFs focused on equities, fixed income, sectors, and commodities. Direxion, the brand behind TYBS, was founded in 1997 and is headquartered at 1301 Avenue of the Americas in New York, with additional offices in Boston and Hong Kong, enabling global operational reach primarily serving U.S. and international investors through exchange-traded products. The company's core offerings emphasize daily leveraged (up to 3X) and inverse strategies across diverse benchmarks, including single-stock ETFs, sector bulls/bears, and Treasury-related funds like the related Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) and Bear 3X Shares (TMV). In recent developments, Direxion announced the liquidation and closure of several ETFs including OOTO and CLDL in June 2025, though TYBS remains active amid ongoing portfolio management; the company launched new single-stock leveraged and inverse ETFs tied to Ford (July 2025), Boeing and Exxon Mobil (April 2025), and appointed Mo Sparks as Chief Product Officer (April 2025) to bolster product innovation. Operational updates for related Treasury funds included a reverse split for TMF in November 2023 and a forward split for TMV in August 2023, reflecting active share adjustments to maintain trading efficiency; Direxion continues expanding its lineup with Titans Leveraged & Inverse ETFs and ETF alert services launched in January 2024. These moves underscore Direxion's strategic focus on enhancing trader tools and refining its leveraged ETF portfolio amid volatile interest rate environments.