Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 1-Year Low – What’s Next?

Shares of Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) reached a new 52-week low during trading on Thursday . The stock traded as low as $31.54 and last traded at $31.61, with a volume of 1415551 shares trading hands. The stock had previously closed at $32.06.

Direxion Daily 20+ Year Treasury Bull 3x Shares Trading Down 1.2%

The stock’s fifty day moving average is $34.38 and its two-hundred day moving average is $36.34.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3x Shares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 40.7% during the fourth quarter. SG Americas Securities LLC now owns 145,441 shares of the company’s stock valued at $5,428,000 after purchasing an additional 42,053 shares during the last quarter. UBS Group AG boosted its position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 31.5% in the 4th quarter. UBS Group AG now owns 227,856 shares of the company’s stock valued at $8,504,000 after purchasing an additional 54,549 shares during the period. JPMorgan Chase & Co. increased its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 117.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,998 shares of the company’s stock worth $6,469,000 after purchasing an additional 86,978 shares in the last quarter. IMC Chicago LLC purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 4th quarter worth about $1,438,000. Finally, PPSC Investment Service Corp increased its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 11.3% in the 4th quarter. PPSC Investment Service Corp now owns 269,382 shares of the company’s stock worth $10,053,000 after purchasing an additional 27,254 shares in the last quarter.

Direxion Daily 20+ Year 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. The Index constituent bonds are weighted by their relative amounts outstanding.