- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Apr 16, 2009
- Business
- Direxion Daily 7-10 Year Treasury Bear 3X Shares (TYO) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the inverse (or opposite) of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index, a market-value weighted index of U.S. Treasury bonds with remaining maturities between 7 and 10 years; the fund achieves its investment objective by investing indirectly through exchange-traded funds, derivatives including futures contracts, options, swap agreements, and forward contracts, as well as short positions in fixed-rate, U.S. dollar-denominated Treasury securities. TYO forms part of Direxion Shares ETF Trust, a series trust issuing leveraged and inverse ETFs managed by Rafferty Asset Management, LLC, and categorized within the Trading--Inverse Debt segment targeting active traders and investors seeking magnified short-term exposure to Treasury bond market movements. The fund operates primarily in U.S. fixed income markets, with shares listed on NYSE Arca and available to investors domiciled in the United States.
Launched on April 16, 2009, TYO is issued by Direxion, a provider of leveraged and inverse ETFs founded in 1997 and headquartered at 1301 Avenue of the Americas, 28th Floor, New York, New York, with additional offices in Boston, Massachusetts, and Hong Kong.
In recent developments, Direxion has aggressively expanded its single-stock leveraged and inverse ETF lineup through multiple launches in 2025, including funds targeting Berkshire Hathaway and Palantir in December 2024, AMD in February 2025, Eli Lilly and Palo Alto Networks in March, Boeing and Exxon Mobil in April, Cisco and Qualcomm in June, and Ford in July; the company also appointed Mo Sparks as Chief Product Officer in April 2025 and announced reverse splits for select ETFs including NVDD, EDZ, FAZ, LABD, SPXS in September 2025 and KORU in January 2025, alongside closures of low-asset funds such as OOTO, CLDL in June 2025 and WFH, EVAV, XXCH in October 2025.