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

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up prior to trading on Thursday . The stock had previously closed at $44.81, but opened at $46.31. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $45.83, with a volume of 2,303,396 shares trading hands.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 0.7 %

The firm has a 50 day moving average price of $41.89 and a 200-day moving average price of $47.09.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Several hedge funds have recently bought and sold shares of the stock. PayPay Securities Corp grew its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 930.0% during the 4th quarter. PayPay Securities Corp now owns 618 shares of the company’s stock valued at $25,000 after acquiring an additional 558 shares during the period. IMG Wealth Management Inc. acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at approximately $43,000. Morse Asset Management Inc raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% during the 4th quarter. Morse Asset Management Inc now owns 2,500 shares of the company’s stock worth $100,000 after buying an additional 2,480 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 201.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,014 shares of the company’s stock valued at $120,000 after buying an additional 2,015 shares in 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.