Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Stock Jumps 0.6% – Here’s What Happened

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) was up 0.6% on Thursday. The stock traded as high as $30.55 and last traded at $30.26. Approximately 6,053,213 shares were traded during 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 Stock Performance

The firm has a 50-day moving average price of $28.61 and a two-hundred day moving average price of $33.68.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF

Hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the 1st quarter valued at $25,000. Parallel Advisors LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the 3rd quarter valued at $39,000. NewEdge Advisors LLC grew its position 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 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 in the 3rd quarter valued at $453,000. Finally, Royal Bank of Canada raised its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during 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.

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.