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 prior to trading on Friday . The stock had previously closed at $41.19, but opened at $42.45. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $42.93, with a volume of 2,007,062 shares.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 4.0 %

The firm has a 50 day moving average of $42.47 and a 200 day moving average of $46.48.

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

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.2879 dividend. The ex-dividend date is Tuesday, March 25th.

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

Institutional investors have recently modified their holdings of the business. IMG Wealth Management Inc. purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at $25,000. PayPay Securities Corp increased its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 930.0% during the fourth quarter. PayPay Securities Corp now owns 618 shares of the company’s stock valued at $25,000 after buying an additional 558 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter worth about $43,000. Morse Asset Management Inc lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% in the fourth 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 201.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,014 shares of the company’s stock valued at $120,000 after acquiring an additional 2,015 shares during the period.

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.