Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 12-Month Low – Time to Sell?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price reached a new 52-week low on Monday . The stock traded as low as $36.77 and last traded at $36.97, with a volume of 4238345 shares traded. The stock had previously closed at $37.30.

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

The firm has a 50 day moving average of $44.55 and a two-hundred day moving average of $50.92.

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

Institutional investors have recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. lifted its holdings 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 valued at $90,000 after buying an additional 1,490 shares during the period. Hollencrest Capital Management bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter valued at $96,000. HighTower Advisors LLC bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 3rd quarter valued at $209,000. Innova Wealth Partners bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter valued at $316,000. Finally, Sanctuary Advisors LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth $342,000.

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.