Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 1-Year Low – Time to Sell?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $39.31 and last traded at $39.40, with a volume of 2307863 shares. The stock had previously closed at $39.83.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Trading Down 0.4 %

The company’s fifty day simple moving average is $45.47 and its 200-day simple moving average is $51.42.

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

Institutional investors have recently modified their holdings of the company. Turim 21 Investimentos Ltda. boosted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock valued at $90,000 after buying an additional 1,490 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter valued at 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. X Square Capital LLC raised its position 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 purchasing an additional 1,700 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter valued at 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.