Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down – Here’s What Happened

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares gapped down prior to trading on Thursday . The stock had previously closed at $40.78, but opened at $39.86. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $40.03, with a volume of 2,483,922 shares traded.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Price Performance

The company has a 50-day simple moving average of $46.66 and a 200 day simple moving average of $51.99.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Turim 21 Investimentos Ltda. lifted its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% during the second quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock worth $90,000 after buying an additional 1,490 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter worth $96,000. HighTower Advisors LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the third quarter valued at about $209,000. Verus Capital Partners LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at about $222,000. Finally, X Square Capital LLC grew its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 39.5% in the third quarter. X Square Capital LLC now owns 6,000 shares of the company’s stock valued at $347,000 after purchasing an additional 1,700 shares during the last quarter.

Direxion Daily 20 Year Plus 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.