Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading Up 4.1% – Here’s Why

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares shot up 4.1% on Monday . The stock traded as high as $45.23 and last traded at $45.25. 1,731,148 shares traded hands during trading, a decline of 74% from the average session volume of 6,766,531 shares. The stock had previously closed at $43.45.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Performance

The business’s 50 day simple moving average is $41.17 and its 200-day simple moving average is $47.79.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMF. GTS Securities LLC boosted its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 31.3% in the fourth quarter. GTS Securities LLC now owns 99,841 shares of the company’s stock worth $3,991,000 after purchasing an additional 23,809 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at about $5,215,000. Morse Asset Management Inc boosted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% during the 4th quarter. Morse Asset Management Inc now owns 2,500 shares of the company’s stock worth $100,000 after buying an additional 2,480 shares during the last quarter. IHT Wealth Management LLC grew its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 157.0% in the fourth quarter. IHT Wealth Management LLC now owns 25,700 shares of the company’s stock valued at $1,027,000 after purchasing an additional 15,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 201.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,014 shares of the company’s stock worth $120,000 after purchasing an additional 2,015 shares during the last quarter.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares 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.