Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading 4.9% Higher – What’s Next?

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shot up 4.9% during trading on Tuesday . The company traded as high as $45.06 and last traded at $45.03. 3,221,258 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 6,585,308 shares. The stock had previously closed at $42.94.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 4.7 %

The business’s 50 day moving average price is $40.51 and its two-hundred day moving average price is $48.58.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bull 3x Shares

A number of hedge funds have recently added to or reduced their stakes in TMF. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter worth about $25,384,000. JPMorgan Chase & Co. grew its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock worth $16,625,000 after acquiring an additional 248,230 shares during the last quarter. Tidal Investments LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter worth approximately $5,215,000. Hollencrest Capital Management acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter valued at approximately $3,040,000. Finally, PPSC Investment Service Corp raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% during the fourth quarter. PPSC Investment Service Corp now owns 113,852 shares of the company’s stock valued at $4,551,000 after acquiring an additional 73,975 shares during the last quarter.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Company Profile

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bull 3X Shares, seeks daily investment results of 300% of the price performance of the NYSE 20 Year Plus Treasury Bond Index (the Index). The Index is a multiple-security fixed income index that aims to track the total returns of the long-term 20-year and greater maturity range of the United States Treasury bond market.