Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Reaches New 1-Year Low – Time to Sell?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMFGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $36.77 and last traded at $36.97, with a volume of 4238345 shares traded. The stock had previously closed at $37.30.

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

The business has a 50-day simple moving average of $44.10 and a two-hundred day simple moving average of $50.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Turim 21 Investimentos Ltda. raised its position in shares of 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 buying an additional 1,490 shares during the last quarter. Hollencrest Capital Management bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at about $96,000. Arkadios Wealth Advisors acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter valued at approximately $208,000. HighTower Advisors LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 3rd quarter worth approximately $209,000. Finally, Innova Wealth Partners bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth approximately $316,000.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Company Profile

(Get Free Report)

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.

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