Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down to $58.41

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares gapped down before the market opened on Thursday . The stock had previously closed at $58.41, but opened at $55.73. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $55.67, with a volume of 3,166,285 shares traded.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Down 3.7 %

The business’s fifty day simple moving average is $51.94 and its 200 day simple moving average is $51.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth about $36,000. Turim 21 Investimentos Ltda. increased its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock worth $90,000 after acquiring an additional 1,490 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth about $96,000. Hillsdale Investment Management Inc. increased its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 43.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 2,213 shares of the company’s stock worth $121,000 after acquiring an additional 670 shares during the period. Finally, Verus Capital Partners LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth about $222,000.

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.