Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down – Here’s What Happened

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares gapped down before the market opened on Friday . The stock had previously closed at $44.10, but opened at $43.18. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $43.38, with a volume of 1,716,023 shares changing hands.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Trading Down 1.6 %

The business has a 50-day simple moving average of $41.54 and a 200 day simple moving average of $47.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMF. IMG Wealth Management Inc. purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at approximately $25,000. PayPay Securities Corp boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 930.0% during the fourth quarter. PayPay Securities Corp now owns 618 shares of the company’s stock valued at $25,000 after buying an additional 558 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at approximately $43,000. Morse Asset Management Inc boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% during the fourth quarter. Morse Asset Management Inc now owns 2,500 shares of the company’s stock valued at $100,000 after buying an additional 2,480 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 201.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,014 shares of the company’s stock valued at $120,000 after buying an additional 2,015 shares during the period.

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.