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

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up prior to trading on Friday . The stock had previously closed at $43.91, but opened at $44.93. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $44.57, with a volume of 1,229,048 shares traded.

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

The stock has a 50-day moving average of $41.17 and a 200-day moving average of $47.87.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the third quarter valued at about $209,000. JPMorgan Chase & Co. raised its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% during 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 in the last quarter. Vontobel Holding Ltd. raised its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 188.8% during the fourth quarter. Vontobel Holding Ltd. now owns 21,345 shares of the company’s stock valued at $853,000 after purchasing an additional 13,955 shares in the last quarter. PPSC Investment Service Corp raised its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% during 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. Finally, Aveo Capital Partners LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at about $1,911,000.

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.