Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Shares Up 2.4% – Still a Buy?

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price rose 2.4% during mid-day trading on Monday . The stock traded as high as $32.78 and last traded at $32.67. Approximately 999,105 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 2,093,245 shares. The stock had previously closed at $31.90.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Trading Up 2.8 %

The firm has a fifty day moving average price of $33.88 and a 200 day moving average price of $32.71.

Hedge Funds Weigh In On Direxion Daily 20 Year Plus Treasury Bear 3x Shares

An institutional investor recently bought a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares stock. Virtu Financial LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,522 shares of the exchange traded fund’s stock, valued at approximately $1,562,000. Virtu Financial LLC owned about 0.60% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares as of its most recent SEC filing.

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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) 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.