Heading into Tuesday, SAGG’s 30-day average daily volume was nearly triple the trailing 100-day period while the ETF’s 10-day average turnover was more than double what was seen over the previous month.
With $17.6 billion allocated to AGG and SAGG not afflicted with compounding concerns as leveraged ETFs, it makes sense that the Direxion offering could be a legitimate tell regarding what interest rates might do next.
Direxion Daily Total Bond Market Bear 1x Shares
Tom Lydon’s clients own shares of TLT and LQD.