Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Sees Unusually-High Trading Volume – Time to Buy?

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMFGet Free Report) shares saw an uptick in trading volume on Wednesday . 3,398,901 shares changed hands during mid-day trading, a decline of 29% from the previous session’s volume of 4,765,094 shares.The stock last traded at $31.36 and had previously closed at $30.12.

Direxion Daily 20+ Year Treasury Bull 3x Shares Trading Up 4.1%

The business has a fifty day moving average price of $33.31 and a two-hundred day moving average price of $35.46.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TMF. Group One Trading LLC grew its position in Direxion Daily 20+ Year Treasury Bull 3x Shares by 8,283.8% in the 4th quarter. Group One Trading LLC now owns 206,075 shares of the company’s stock valued at $7,691,000 after acquiring an additional 203,617 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the fourth quarter worth about $6,994,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the first quarter worth about $3,803,000. JPMorgan Chase & Co. boosted its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 117.5% in the third quarter. JPMorgan Chase & Co. now owns 160,998 shares of the company’s stock valued at $6,469,000 after purchasing an additional 86,978 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the second quarter valued at approximately $2,786,000.

Direxion Daily 20+ Year Treasury Bull 3x Shares Company Profile

(Get Free Report)

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.

Further Reading

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