Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Reaches New 12-Month Low – Here’s What Happened

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) reached a new 52-week low on Tuesday. The stock traded as low as $26.10 and last traded at $26.49, with a volume of 10305120 shares traded. The stock had previously closed at $27.21.

Direxion Daily 20+ Year Treasury Bull 3X ETF Price Performance

The stock has a 50-day moving average price of $30.35 and a two-hundred day moving average price of $33.43.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TMF. PPSC Investment Service Corp lifted its holdings in Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% in the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock worth $10,532,000 after buying an additional 22,697 shares during the period. Optiver Holding B.V. purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter worth approximately $3,803,000. Royal Bank of Canada raised its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% in the 1st quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock worth $1,516,000 after acquiring an additional 15,134 shares in the last quarter. PMV Capital Advisers LLC raised its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% in the 1st quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after acquiring an additional 1,261 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of 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 during the period.

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.