Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Sees Significant Increase in Short Interest

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 14,461,873 shares, a growth of 51.1% from the January 29th total of 9,569,112 shares. Approximately 15.5% of the company’s shares are sold short. Based on an average daily volume of 7,017,325 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 7,017,325 shares, the days-to-cover ratio is currently 2.1 days. Approximately 15.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bull 3x Shares

Large investors have recently modified their holdings of the business. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the 4th quarter worth about $79,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the third quarter valued at about $145,000. Morse Asset Management Inc purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the third quarter worth about $161,000. Simplicity Wealth LLC purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the fourth quarter worth about $231,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the fourth quarter valued at about $276,000.

Direxion Daily 20+ Year Treasury Bull 3x Shares Stock Up 1.6%

TMF stock opened at $41.77 on Friday. Direxion Daily 20+ Year Treasury Bull 3x Shares has a one year low of $33.51 and a one year high of $48.98. The firm’s 50 day moving average price is $38.41 and its 200-day moving average price is $39.54.

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