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

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up before the market opened on Tuesday . The stock had previously closed at $50.54, but opened at $51.64. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $51.62, with a volume of 2,420,803 shares.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Price Performance

The business’s 50-day moving average price is $57.75 and its two-hundred day moving average price is $52.33.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Turim 21 Investimentos Ltda. grew its holdings in 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 valued at $90,000 after buying an additional 1,490 shares during the period. Hollencrest Capital Management purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the second quarter valued at approximately $96,000. Hillsdale Investment Management Inc. increased its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 43.4% during the first quarter. Hillsdale Investment Management Inc. now owns 2,213 shares of the company’s stock worth $121,000 after purchasing an additional 670 shares during the last quarter. Verus Capital Partners LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth approximately $222,000. Finally, Oxford Wealth Group LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 1st quarter valued at $248,000.

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.