Shares of Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $26.89, but opened at $28.54. Direxion Daily 20+ Year Treasury Bull 3X ETF shares last traded at $28.3890, with a volume of 9,806,886 shares traded.
Direxion Daily 20+ Year Treasury Bull 3X ETF Stock Up 4.5%
The stock has a fifty day moving average of $29.19 and a 200-day moving average of $32.69.
Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF
A number of hedge funds have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the first quarter worth $25,000. NewEdge Advisors LLC increased its holdings in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the 2nd quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after purchasing an additional 7,513 shares in the last quarter. PMV Capital Advisers LLC raised its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% during the 1st quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock valued at $366,000 after buying an additional 1,261 shares during the period. Royal Bank of Canada grew its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the first quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock valued at $1,516,000 after acquiring an additional 15,134 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter worth approximately $3,803,000.
About Direxion Daily 20+ Year Treasury Bull 3X ETF
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. The Index constituent bonds are weighted by their relative amounts outstanding.
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