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

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped down prior to trading on Wednesday . The stock had previously closed at $48.80, but opened at $43.91. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $44.01, with a volume of 9,045,709 shares trading hands.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Down 8.0 %

The stock’s 50 day moving average is $54.83 and its two-hundred day moving average is $52.32.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bull 3x Shares

A number of hedge funds have recently bought and sold shares of TMF. X Square Capital LLC increased its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 39.5% in the 3rd quarter. X Square Capital LLC now owns 6,000 shares of the company’s stock valued at $347,000 after acquiring an additional 1,700 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the third quarter valued at about $14,384,000. ORG Wealth Partners LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the third quarter worth about $1,673,000. SG Americas Securities LLC raised its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 33.0% in the third quarter. SG Americas Securities LLC now owns 62,130 shares of the company’s stock worth $3,589,000 after purchasing an additional 15,404 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at about $342,000.

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.