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 before the market opened on Monday . The stock had previously closed at $39.90, but opened at $41.50. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $41.82, with a volume of 3,169,835 shares traded.

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

The stock’s fifty day simple moving average is $42.53 and its 200-day simple moving average is $49.74.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter valued at approximately $342,000. ORG Wealth Partners LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 3rd quarter worth about $1,673,000. U.S. Capital Wealth Advisors LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 3rd quarter valued at about $14,384,000. X Square Capital LLC lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 39.5% in the third quarter. X Square Capital LLC now owns 6,000 shares of the company’s stock worth $347,000 after buying an additional 1,700 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% in the third quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock valued at $9,626,000 after acquiring an additional 37,729 shares during the period.

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.