Direxion Daily 20 Year Plus Treasury Bull 3x Shares Sees Unusually High Options Volume (NYSEARCA:TMF)

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) was the target of some unusual options trading on Friday. Stock traders purchased 74,393 put options on the company. This is an increase of approximately 367% compared to the typical daily volume of 15,929 put options.

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. Signet Financial Management LLC boosted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 3.8% during the first quarter. Signet Financial Management LLC now owns 10,311 shares of the company’s stock worth $562,000 after acquiring an additional 380 shares during the period. Pacific Capital Wealth Advisors Inc. acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter valued at $36,000. Visionary Wealth Advisors grew its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 21.2% in the 3rd quarter. Visionary Wealth Advisors now owns 17,290 shares of the company’s stock valued at $83,000 after buying an additional 3,030 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter worth $285,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter worth $421,000.

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

Direxion Daily 20 Year Plus Treasury Bull 3x Shares stock opened at $46.69 on Friday. The company’s 50-day moving average is $50.51 and its 200-day moving average is $52.75. Direxion Daily 20 Year Plus Treasury Bull 3x Shares has a fifty-two week low of $38.30 and a fifty-two week high of $88.70.

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.