Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down to $53.06

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $53.06, but opened at $51.00. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $51.25, with a volume of 1,694,991 shares changing hands.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 1.0 %

The stock’s 50 day moving average price is $48.68 and its two-hundred day moving average price is $53.37.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TMF. Signet Financial Management LLC lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 3.8% during the first quarter. Signet Financial Management LLC now owns 10,311 shares of the company’s stock worth $562,000 after buying an additional 380 shares during the last quarter. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at about $36,000. Hillsdale Investment Management Inc. grew its position in 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 buying an additional 670 shares in the last quarter. Innova Wealth Partners increased its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 42.3% during the first quarter. Innova Wealth Partners now owns 6,219 shares of the company’s stock valued at $339,000 after acquiring an additional 1,848 shares during the period. Finally, Oxford Wealth Group LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 1st quarter valued at approximately $248,000.

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.