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) gapped down before the market opened on Wednesday . The stock had previously closed at $58.92, but opened at $56.81. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $56.66, with a volume of 3,095,968 shares.

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

The business has a 50-day simple moving average of $58.21 and a 200-day simple moving average of $52.40.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Turim 21 Investimentos Ltda. grew its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% during the second quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock worth $90,000 after buying an additional 1,490 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at approximately $96,000. Hillsdale Investment Management Inc. lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 43.4% during the first quarter. Hillsdale Investment Management Inc. now owns 2,213 shares of the company’s stock worth $121,000 after purchasing an additional 670 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth $222,000. Finally, Oxford Wealth Group LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the first quarter valued at approximately $248,000.

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.