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 $45.05, but opened at $46.68. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $46.29, with a volume of 3,784,750 shares changing hands.

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

The firm has a 50-day simple moving average of $42.83 and a 200-day simple moving average of $45.85.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.2879 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth $25,384,000. JPMorgan Chase & Co. lifted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% in the 3rd 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. Tidal Investments LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth approximately $5,215,000. Hollencrest Capital Management purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter valued at $3,040,000. Finally, PPSC Investment Service Corp lifted its holdings in shares of 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.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

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.