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

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) saw unusually-high trading volume on Friday . Approximately 3,473,784 shares were traded during trading, a decline of 53% from the previous session’s volume of 7,391,990 shares.The stock last traded at $61.03 and had previously closed at $61.36.

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

The company’s 50 day moving average price is $54.25 and its two-hundred day moving average price is $51.64.

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

Several hedge funds have recently modified their holdings of TMF. Jane Street Group LLC lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 1,989.2% during the 1st quarter. Jane Street Group LLC now owns 15,175,854 shares of the company’s stock valued at $827,084,000 after purchasing an additional 14,449,454 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 1st quarter worth $4,584,000. Capital Investment Counsel Inc lifted its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 176.9% in the second quarter. Capital Investment Counsel Inc now owns 29,270 shares of the company’s stock valued at $1,420,000 after acquiring an additional 18,700 shares during the last quarter. ORG Partners LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth about $1,236,000. Finally, LifeGuide Financial Advisors LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter valued at $1,172,000.

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.