The iShares 20+ Year Treasury Bond ETF (NYSEArca: TLT) has bled $633.1 million since May as that fund is in the midst of one of its worst multi-month declines since it debuted in 2002. Struggles by traditional bond ETFs are stoking inflows to bearish equivalents.
Since May 31, the ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT) and the Direxion Daily 20-Year Treasury Bear 3X (NYSEArca: TMV), have added $131.4 million and $35 million, respectively, bringing their second-quarter inflows to $149.3 million and $143 million. The ProShares Short 20+ Year Treasury (NYSEArca: TBF), which aims to deliver the daily inverse performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index, has added nearly $144 million in new assets this quarter.
Direxion Daily 20-Year Treasury Bear 3X Shares
Tom Lydon’s clients own shares of HYG, JNK and TLT.