Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Stock Price Down 3.1%

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares dropped 3.1% during mid-day trading on Tuesday . The stock traded as low as $57.40 and last traded at $57.48. Approximately 2,284,364 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 7,546,606 shares. The stock had previously closed at $59.32.

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

The stock has a 50-day simple moving average of $57.01 and a two-hundred day simple moving average of $52.21.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TMF. Signet Financial Management LLC increased its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 3.8% in the first quarter. Signet Financial Management LLC now owns 10,311 shares of the company’s stock worth $562,000 after purchasing an additional 380 shares during the period. Hillsdale Investment Management Inc. boosted 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 valued at $121,000 after purchasing an additional 670 shares in the last quarter. Turim 21 Investimentos Ltda. boosted its position 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 valued at $90,000 after purchasing an additional 1,490 shares in the last quarter. Innova Wealth Partners boosted its position 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 purchasing an additional 1,848 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at about $96,000.

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.