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

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $41.19, but opened at $42.45. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $42.93, with a volume of 2,007,062 shares trading hands.

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

The business has a 50 day moving average of $42.47 and a two-hundred day moving average of $46.48.

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

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.2879 dividend. The ex-dividend date is Tuesday, March 25th.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Several institutional investors and hedge funds have recently made changes to their positions in TMF. IMG Wealth Management Inc. bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter worth $25,000. PayPay Securities Corp raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 930.0% during the 4th quarter. PayPay Securities Corp now owns 618 shares of the company’s stock worth $25,000 after purchasing an additional 558 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth about $43,000. Morse Asset Management Inc grew its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% during the fourth quarter. Morse Asset Management Inc now owns 2,500 shares of the company’s stock valued at $100,000 after buying an additional 2,480 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 201.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,014 shares of the company’s stock worth $120,000 after buying an additional 2,015 shares during 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.