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

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s stock price gapped up before the market opened 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 Performance

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at $25,384,000. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 248,230 shares during the last quarter. BNP Paribas Financial Markets grew its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% in the third quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock worth $9,626,000 after acquiring an additional 37,729 shares in the last quarter. Barclays PLC increased its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 80.2% during the fourth quarter. Barclays PLC now owns 148,171 shares of the company’s stock worth $5,922,000 after acquiring an additional 65,935 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at approximately $5,215,000.

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.