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

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up before the market opened on Thursday . The stock had previously closed at $45.05, but opened at $46.68. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $46.29, with a volume of 3,784,750 shares trading hands.

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

The stock has a 50 day simple moving average of $43.12 and a two-hundred day simple moving average of $45.73.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.2879 dividend. The ex-dividend date was Tuesday, March 25th.

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

A number of large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at approximately $25,384,000. JPMorgan Chase & Co. raised its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock valued at $16,625,000 after acquiring an additional 248,230 shares during the period. Tidal Investments LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter valued at $5,215,000. Hollencrest Capital Management acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter valued at $3,040,000. Finally, PPSC Investment Service Corp boosted its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% during the fourth quarter. PPSC Investment Service Corp now owns 113,852 shares of the company’s stock worth $4,551,000 after purchasing an additional 73,975 shares during the period.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

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.