Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading 2.6% Higher – Still a Buy?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares were up 2.6% on Monday . The company traded as high as $44.48 and last traded at $43.92. Approximately 1,566,836 shares changed hands during trading, a decline of 80% from the average daily volume of 7,854,352 shares. The stock had previously closed at $42.80.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 2.6 %

The company has a fifty day moving average of $42.73 and a 200 day moving average of $45.86.

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

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.2879 per share. The ex-dividend date was Tuesday, March 25th.

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

Several large investors have recently added to or reduced their stakes in the business. PayPay Securities Corp grew its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 930.0% during the fourth quarter. PayPay Securities Corp now owns 618 shares of the company’s stock valued at $25,000 after purchasing an additional 558 shares during the period. IMG Wealth Management Inc. bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth approximately $43,000. Morse Asset Management Inc raised its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 12,400.0% during the 4th quarter. Morse Asset Management Inc now owns 2,500 shares of the company’s stock worth $100,000 after acquiring an additional 2,480 shares during the period. Finally, Tower Research Capital LLC TRC lifted 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 valued at $120,000 after purchasing an additional 2,015 shares in 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.