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) shares gapped up prior to trading on Thursday . The stock had previously closed at $45.05, but opened at $46.68. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $46.29, with a volume of 3,784,750 shares traded.

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

The firm’s fifty day moving average price is $43.12 and its 200-day moving average price is $45.73.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.2879 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter valued at approximately $25,384,000. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% in the third quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock valued at $16,625,000 after purchasing an additional 248,230 shares during the last quarter. Barclays PLC lifted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 80.2% in the fourth quarter. Barclays PLC now owns 148,171 shares of the company’s stock worth $5,922,000 after purchasing an additional 65,935 shares in the last quarter. Tidal Investments LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter worth $5,215,000. Finally, PPSC Investment Service Corp grew its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% in the fourth quarter. PPSC Investment Service Corp now owns 113,852 shares of the company’s stock valued at $4,551,000 after purchasing an additional 73,975 shares in the last quarter.

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.