Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Shares Down 1.7% – Here’s Why

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) shares dropped 1.7% during mid-day trading on Wednesday . The stock traded as low as $29.92 and last traded at $30.34. Approximately 4,788,170 shares traded hands during trading, an increase of 2% from the average session volume of 4,710,352 shares. The stock had previously closed at $30.85.

Direxion Daily 20+ Year Treasury Bull 3X ETF Stock Up 0.0%

The company has a fifty day moving average of $31.68 and a two-hundred day moving average of $34.54.

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

Several large investors have recently added to or reduced their stakes in TMF. Royal Bank of Canada lifted its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 24,602 shares of the company’s stock worth $1,082,000 after buying an additional 1,265 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the first quarter worth $301,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the first quarter worth $1,356,000. Marshall Wace LLP acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the second quarter valued at $2,786,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the second quarter valued at $412,000.

Direxion Daily 20+ Year Treasury Bull 3X ETF 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. The Index constituent bonds are weighted by their relative amounts outstanding.