Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading Up 3.1%

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) rose 3.1% during mid-day trading on Monday . The company traded as high as $62.37 and last traded at $61.24. Approximately 3,119,622 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 7,218,570 shares. The stock had previously closed at $59.41.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 1.0 %

The stock’s fifty day moving average price is $50.59 and its 200-day moving average price is $51.11.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMF. LifeGuide Financial Advisors LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth about $1,172,000. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at approximately $222,000. Capital Investment Counsel Inc increased its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 176.9% in the second quarter. Capital Investment Counsel Inc now owns 29,270 shares of the company’s stock valued at $1,420,000 after buying an additional 18,700 shares during the period. ORG Partners LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at approximately $1,236,000. Finally, Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 1st quarter worth approximately $869,000.

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.