SBI Securities Co. Ltd. Trims Position in Direxion Daily 20+ Year Treasury Bull 3x Shares $TMF

SBI Securities Co. Ltd. cut its position in Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 573,499 shares of the company’s stock after selling 55,715 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Direxion Daily 20+ Year Treasury Bull 3x Shares were worth $21,403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ping Capital Management Inc. purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the third quarter worth $2,772,000. SG Americas Securities LLC increased its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 40.7% in the fourth quarter. SG Americas Securities LLC now owns 145,441 shares of the company’s stock worth $5,428,000 after purchasing an additional 42,053 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 117.5% in the third 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. J. Safra Sarasin Holding AG purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the third quarter worth $965,000. Finally, Capital Investment Counsel Inc purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the third quarter worth $2,218,000.

Direxion Daily 20+ Year Treasury Bull 3x Shares Price Performance

Shares of NYSEARCA TMF opened at $34.88 on Wednesday. The firm has a fifty day moving average price of $37.16 and a 200-day moving average price of $38.66. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 1 year low of $33.51 and a 1 year high of $44.24.

Direxion Daily 20+ Year Treasury Bull 3x Shares 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.