Investors Buy Large Volume of Put Options on Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF)

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) was the target of some unusual options trading activity on Friday. Investors acquired 22,564 put options on the stock. This represents an increase of 59% compared to the average volume of 14,229 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TMF. NewEdge Advisors LLC lifted its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the second 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 period. Optiver Holding B.V. acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter worth about $3,803,000. Royal Bank of Canada increased its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% in the 1st quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock valued at $1,516,000 after acquiring an additional 15,134 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the 1st quarter valued at approximately $25,000. Finally, PPSC Investment Service Corp raised its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% in the 1st quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after acquiring an additional 22,697 shares during the period.

Direxion Daily 20+ Year Treasury Bull 3X ETF Price Performance

TMF stock traded up $0.56 during midday trading on Friday, reaching $26.38. The company’s stock had a trading volume of 4,687,345 shares, compared to its average volume of 5,082,127. The business’s 50-day simple moving average is $30.23 and its 200-day simple moving average is $33.36. Direxion Daily 20+ Year Treasury Bull 3X ETF has a 52 week low of $24.91 and a 52 week high of $44.24.

Direxion Daily 20+ Year Treasury Bull 3X ETF 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. The Index constituent bonds are weighted by their relative amounts outstanding.