Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Stock Price Down 2.7% – Should You Sell?

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) traded down 2.7% during trading on Monday . The company traded as low as $42.84 and last traded at $42.90. 1,485,392 shares traded hands during trading, a decline of 81% from the average session volume of 7,821,761 shares. The stock had previously closed at $44.08.

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

The stock’s 50-day moving average price is $42.38 and its two-hundred day moving average price is $46.56.

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

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.2879 per share. The ex-dividend date is Tuesday, March 25th.

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

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth about $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 third quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock worth $16,625,000 after buying an additional 248,230 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at approximately $5,215,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at approximately $3,040,000. Finally, PPSC Investment Service Corp raised 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.

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.