Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Sets New 12-Month Low – Here’s What Happened

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMFGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $28.82 and last traded at $28.8210, with a volume of 2217201 shares changing hands. The stock had previously closed at $29.86.

Direxion Daily 20+ Year Treasury Bull 3X ETF Trading Down 5.1%

The firm has a fifty day simple moving average of $31.05 and a 200-day simple moving average of $33.93.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMF. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the first quarter worth about $25,000. NewEdge Advisors LLC grew its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the 2nd quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after buying an additional 7,513 shares during the last quarter. PMV Capital Advisers LLC grew its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% in the 1st quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock valued at $366,000 after buying an additional 1,261 shares during the last quarter. Royal Bank of Canada raised its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the 1st quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock worth $1,516,000 after buying an additional 15,134 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the 1st quarter worth $3,803,000.

About Direxion Daily 20+ Year Treasury Bull 3X ETF

(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.

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