Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up – Time to Buy?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $41.37, but opened at $42.34. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $42.33, with a volume of 1,861,259 shares changing hands.

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

The business’s fifty day moving average price is $47.35 and its 200-day moving average price is $52.21.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMF. Turim 21 Investimentos Ltda. boosted its stake in 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 acquiring an additional 1,490 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter worth approximately $96,000. HighTower Advisors LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the third quarter worth $209,000. Verus Capital Partners LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter valued at about $222,000. Finally, Sanctuary Advisors LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at approximately $342,000.

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.