Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF – Get Free Report)’s stock price traded up 0.6% during mid-day trading on Thursday. The stock traded as high as $30.55 and last traded at $30.26. 6,053,213 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 5,322,517 shares. The stock had previously closed at $30.09.
Direxion Daily 20+ Year Treasury Bull 3X ETF Price Performance
The company has a 50-day moving average price of $28.58 and a 200-day moving average price of $33.65.
Institutional Inflows and Outflows
Institutional investors and 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 1st quarter worth about $25,000. Parallel Advisors LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the third quarter valued at approximately $39,000. NewEdge Advisors LLC raised its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the second quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after buying an additional 7,513 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the third quarter valued at approximately $453,000. Finally, Royal Bank of Canada lifted 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 buying an additional 15,134 shares during the period.
Direxion Daily 20+ Year Treasury Bull 3X ETF 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. The Index constituent bonds are weighted by their relative amounts outstanding.
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