Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down – What’s Next?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $44.10, but opened at $43.18. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $43.38, with a volume of 1,716,023 shares traded.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Trading Down 1.0 %

The company’s 50-day simple moving average is $41.46 and its 200 day simple moving average is $47.53.

Hedge Funds Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the third quarter worth $209,000. JPMorgan Chase & Co. raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% in the third quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock valued at $16,625,000 after purchasing an additional 248,230 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 188.8% during the 4th quarter. Vontobel Holding Ltd. now owns 21,345 shares of the company’s stock worth $853,000 after acquiring an additional 13,955 shares during the period. PPSC Investment Service Corp increased its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% in the fourth quarter. PPSC Investment Service Corp now owns 113,852 shares of the company’s stock valued at $4,551,000 after acquiring an additional 73,975 shares during the period. Finally, Aveo Capital Partners LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter worth about $1,911,000.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

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.