Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading Down 5% – Time to Sell?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMFGet Free Report)’s share price were down 5% during trading on Wednesday . The stock traded as low as $39.11 and last traded at $39.16. Approximately 3,192,382 shares changed hands 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 Price Performance

The business has a 50 day simple moving average of $41.30 and a two-hundred day simple moving average of $49.31.

Hedge Funds Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

A number of hedge funds have recently added to or reduced their stakes in the stock. PayPay Securities Corp lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 930.0% in the 4th quarter. PayPay Securities Corp now owns 618 shares of the company’s stock worth $25,000 after buying an additional 558 shares during the period. IMG Wealth Management Inc. purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter worth about $25,000. Farther Finance Advisors LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter worth about $43,000. Tower Research Capital LLC TRC grew its holdings in 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 worth $120,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter valued at about $208,000.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

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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.

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