Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Stock Price Down 5% – What’s Next?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares dropped 5% on Wednesday . The stock traded as low as $39.11 and last traded at $39.16. Approximately 3,192,382 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 6,918,631 shares. The stock had previously closed at $41.21.

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

The stock’s 50 day simple moving average is $41.71 and its 200 day simple moving average is $49.44.

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

A number of hedge funds have recently bought and sold shares of TMF. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter worth $25,384,000. JPMorgan Chase & Co. lifted its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% in the third quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock valued at $16,625,000 after purchasing an additional 248,230 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the third quarter valued at approximately $14,384,000. BNP Paribas Financial Markets raised its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock valued at $9,626,000 after buying an additional 37,729 shares during the last quarter. Finally, PPSC Investment Service Corp grew its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% in the 4th quarter. PPSC Investment Service Corp now owns 113,852 shares of the company’s stock worth $4,551,000 after acquiring an additional 73,975 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.