Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Sets New 1-Year Low – Time to Sell?

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMFGet Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $41.43 and last traded at $41.45, with a volume of 4441773 shares trading hands. The stock had previously closed at $43.37.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Trading Down 4.2 %

The firm has a 50-day moving average of $47.71 and a two-hundred day moving average of $52.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Turim 21 Investimentos Ltda. raised its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% in the second quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock valued at $90,000 after purchasing an additional 1,490 shares during the period. Hollencrest Capital Management bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter valued at approximately $96,000. HighTower Advisors LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 3rd quarter valued at approximately $209,000. Verus Capital Partners LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter valued at approximately $222,000. Finally, Sanctuary Advisors LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth approximately $342,000.

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

(Get Free Report)

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.

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