Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Sees Large Volume Increase – Should You Buy?

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) shares saw unusually-high trading volume on Tuesday . Approximately 4,845,995 shares traded hands during trading, a decline of 7% from the previous session’s volume of 5,236,869 shares.The stock last traded at $36.6130 and had previously closed at $37.88.

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

The stock has a fifty day simple moving average of $38.77 and a 200-day simple moving average of $39.21.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the third quarter valued at $145,000. Morse Asset Management Inc acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the 3rd quarter valued at about $161,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the 2nd quarter valued at about $267,000. FNY Investment Advisers LLC acquired a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 4th quarter worth about $276,000. Finally, X Square Capital LLC acquired a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 3rd quarter worth about $281,000.

About Direxion Daily 20+ Year 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. The Index constituent bonds are weighted by their relative amounts outstanding.