Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading Up 2.6% – Here’s Why

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s stock price shot up 2.6% during mid-day trading on Monday . The stock traded as high as $44.48 and last traded at $43.92. 1,566,836 shares traded hands during trading, a decline of 80% from the average session volume of 7,854,352 shares. The stock had previously closed at $42.80.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 2.6 %

The stock has a fifty day moving average of $42.73 and a 200 day moving average of $45.86.

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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GTS Securities LLC raised its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 31.3% during the 4th quarter. GTS Securities LLC now owns 99,841 shares of the company’s stock worth $3,991,000 after acquiring an additional 23,809 shares in the last quarter. Tidal Investments LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at $5,215,000. Morse Asset Management Inc grew its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% in the 4th 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. IHT Wealth Management LLC increased its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 157.0% in the 4th quarter. IHT Wealth Management LLC now owns 25,700 shares of the company’s stock worth $1,027,000 after buying an additional 15,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 valued at $120,000 after buying an additional 2,015 shares in the last quarter.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Company Profile

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.