Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down – What’s Next?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $40.78, but opened at $39.86. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $40.03, with a volume of 2,483,922 shares traded.

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

The stock’s 50-day simple moving average is $46.25 and its 200-day simple moving average is $51.86.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bull 3x Shares

A number of hedge funds have recently bought and sold shares of TMF. HighTower Advisors LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the third quarter worth about $209,000. LifeGuide Financial Advisors LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter worth approximately $1,172,000. Turim 21 Investimentos Ltda. raised its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock worth $90,000 after purchasing an additional 1,490 shares during the period. BNP Paribas Financial Markets lifted its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% in the third quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock valued at $9,626,000 after purchasing an additional 37,729 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at $222,000.

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.