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

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up prior to trading on Monday . The stock had previously closed at $44.71, but opened at $47.38. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $47.20, with a volume of 1,957,500 shares trading hands.

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

The stock’s 50 day moving average is $51.26 and its two-hundred day moving average is $52.36.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Turim 21 Investimentos Ltda. grew its stake 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 last quarter. Hollencrest Capital Management bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter worth approximately $96,000. HighTower Advisors LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 3rd quarter valued at $209,000. Verus Capital Partners LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter valued at $222,000. Finally, Oxford Wealth Group LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 1st quarter valued at $248,000.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

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.