Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 1-Year Low – What’s Next?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $39.58 and last traded at $40.78, with a volume of 8384794 shares traded. The stock had previously closed at $40.33.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Performance

The business’s 50 day simple moving average is $46.47 and its two-hundred day simple moving average is $51.91.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Turim 21 Investimentos Ltda. grew its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% during the 2nd quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock valued at $90,000 after purchasing an additional 1,490 shares during the period. Hollencrest Capital Management bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth approximately $96,000. HighTower Advisors LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the third quarter worth approximately $209,000. Verus Capital Partners LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at approximately $222,000. Finally, Sanctuary Advisors LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at approximately $342,000.

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.