SBI Securities Co. Ltd. Sells 22,295 Shares of Direxion Daily 20+ Year Treasury Bear 3X ETF $TMV

SBI Securities Co. Ltd. trimmed its position in Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,882 shares of the exchange traded fund’s stock after selling 22,295 shares during the period. SBI Securities Co. Ltd. owned 4.83% of Direxion Daily 20+ Year Treasury Bear 3X ETF worth $11,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMV. Franchise GP Ltd purchased a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF during the third quarter valued at $23,954,000. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF during the 1st quarter valued at $1,984,000. Adamsbrown Wealth Consultants LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF during the 2nd quarter valued at $371,000. Cim LLC boosted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 1.5% during the 1st quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock valued at $5,547,000 after buying an additional 2,265 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 38.0% in the 1st quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock worth $166,000 after buying an additional 1,222 shares during the period.

Direxion Daily 20+ Year Treasury Bear 3X ETF Stock Down 5.5%

NYSEARCA:TMV opened at $42.83 on Friday. The firm’s 50-day moving average price is $45.15 and its 200-day moving average price is $41.16. Direxion Daily 20+ Year Treasury Bear 3X ETF has a 1-year low of $31.91 and a 1-year high of $52.20.

Direxion Daily 20+ Year Treasury Bear 3X ETF Profile

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) 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.