Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Stock Price Down 5.5%

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) were down 5.5% on Tuesday . The stock traded as low as $56.94 and last traded at $57.02. Approximately 9,572,409 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 7,371,799 shares. The stock had previously closed at $60.32.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Trading Down 6.5 %

The business’s 50-day moving average price is $50.82 and its 200-day moving average price is $51.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TMF. Jane Street Group LLC increased its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 1,989.2% in the first quarter. Jane Street Group LLC now owns 15,175,854 shares of the company’s stock valued at $827,084,000 after purchasing an additional 14,449,454 shares during the period. XR Securities LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter valued at $5,988,000. Virtu Financial LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 1st quarter worth $4,584,000. Capital Investment Counsel Inc lifted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 176.9% in the 2nd quarter. Capital Investment Counsel Inc now owns 29,270 shares of the company’s stock worth $1,420,000 after acquiring an additional 18,700 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at about $1,236,000.

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.