Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading Down 1.8%

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) dropped 1.8% on Wednesday . The company traded as low as $62.26 and last traded at $62.30. Approximately 972,393 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 7,467,476 shares. The stock had previously closed at $63.42.

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

The firm’s 50 day moving average is $56.27 and its two-hundred day moving average is $52.11.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth approximately $342,000. Turim 21 Investimentos Ltda. grew its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% during 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 in the last quarter. Hollencrest Capital Management bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth approximately $96,000. LifeGuide Financial Advisors LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at approximately $1,172,000. Finally, Verus Capital Partners LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth approximately $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.