Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up – Should You Buy?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price gapped up before the market opened on Monday . The stock had previously closed at $46.00, but opened at $48.13. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $48.24, with a volume of 3,593,589 shares traded.

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

The stock’s fifty day moving average is $55.09 and its 200-day moving average is $52.37.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bull 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in TMF. Turim 21 Investimentos Ltda. increased its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% during the 2nd quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock worth $90,000 after purchasing an additional 1,490 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at about $96,000. Hillsdale Investment Management Inc. raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 43.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 2,213 shares of the company’s stock valued at $121,000 after acquiring an additional 670 shares during the period. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth approximately $222,000. Finally, Oxford Wealth Group LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 1st quarter worth approximately $248,000.

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.