480,140 Shares in Direxion Daily 20+ Year Treasury Bear 3X ETF $TMV Acquired by Franchise GP Ltd

Franchise GP Ltd purchased a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 480,140 shares of the exchange traded fund’s stock, valued at approximately $23,954,000. Direxion Daily 20+ Year Treasury Bear 3X ETF accounts for approximately 10.2% of Franchise GP Ltd’s holdings, making the stock its 2nd biggest position. Franchise GP Ltd owned about 9.70% of Direxion Daily 20+ Year Treasury Bear 3X ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TMV. Royal Bank of Canada lifted its stake in Direxion Daily 20+ Year Treasury Bear 3X ETF by 38.0% during the 1st quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 1,222 shares during the period. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF in the second quarter worth $371,000. Virtu Financial LLC increased its stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 12.1% in the fourth quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 1,785 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF in the first quarter worth $1,984,000. Finally, Cim LLC increased its stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 1.5% in the first quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock worth $5,547,000 after acquiring an additional 2,265 shares during the period.

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

Shares of Direxion Daily 20+ Year Treasury Bear 3X ETF stock opened at $45.66 on Friday. The firm has a fifty day moving average price of $44.87 and a 200 day moving average price of $40.88. Direxion Daily 20+ Year Treasury Bear 3X ETF has a 1 year low of $31.82 and a 1 year high of $52.20.

Direxion Daily 20+ Year Treasury Bear 3X ETF Profile

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) 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.