Investors Buy Large Volume of Direxion Daily 20+ Year Treasury Bull 3X ETF Put Options (NYSEARCA:TMF)

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) was the target of some unusual options trading on Thursday. Traders bought 19,830 put options on the company. This is an increase of approximately 35% compared to the average volume of 14,681 put options.

Direxion Daily 20+ Year Treasury Bull 3X ETF Stock Performance

Direxion Daily 20+ Year Treasury Bull 3X ETF stock traded up $0.80 during trading on Thursday, hitting $30.14. The company’s stock had a trading volume of 1,915,341 shares, compared to its average volume of 4,788,085. Direxion Daily 20+ Year Treasury Bull 3X ETF has a 1-year low of $28.90 and a 1-year high of $44.24. The stock’s fifty day moving average is $31.30 and its 200 day moving average is $34.22.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter worth approximately $25,000. PMV Capital Advisers LLC increased its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% in the first quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after buying an additional 1,261 shares during the period. NewEdge Advisors LLC lifted its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the second quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after buying an additional 7,513 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the first quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock valued at $1,516,000 after acquiring an additional 15,134 shares during the period. Finally, PPSC Investment Service Corp lifted its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% in the 1st quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after purchasing an additional 22,697 shares during the last quarter.

About Direxion Daily 20+ Year Treasury Bull 3X ETF

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. The Index constituent bonds are weighted by their relative amounts outstanding.