Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down to $61.15

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped down before the market opened on Thursday . The stock had previously closed at $61.15, but opened at $59.85. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $59.66, with a volume of 3,039,796 shares.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Down 1.2 %

The business’s 50 day moving average price is $56.83 and its 200-day moving average price is $52.27.

Hedge Funds Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Several institutional investors have recently bought and sold shares of the business. Turim 21 Investimentos Ltda. lifted its position in 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 buying an additional 1,490 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter valued at $96,000. Hillsdale Investment Management Inc. raised its position 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 acquiring an additional 670 shares during the last quarter. Oxford Wealth Group LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the first quarter valued at $248,000. Finally, Verus Capital Partners LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at about $222,000.

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.