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

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 $44.71, but opened at $47.38. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $47.20, with a volume of 1,957,500 shares traded.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Down 1.0 %

The stock has a 50 day simple moving average of $50.62 and a two-hundred day simple moving average of $52.37.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. grew its holdings 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 worth $90,000 after buying an additional 1,490 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter worth approximately $96,000. HighTower Advisors LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 3rd quarter valued at approximately $209,000. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at approximately $222,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth approximately $342,000.

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.