Short Interest in Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Drops By 43.2%

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 3,468,419 shares, a drop of 43.2% from the December 15th total of 6,108,062 shares. Based on an average trading volume of 4,782,820 shares, the days-to-cover ratio is presently 0.7 days. Currently, 3.4% of the company’s stock are short sold. Currently, 3.4% of the company’s stock are short sold. Based on an average trading volume of 4,782,820 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3x Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 5.4% during the first quarter. Royal Bank of Canada now owns 24,602 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,265 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 1st quarter worth $301,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 1st quarter worth $1,356,000. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the second quarter valued at $267,000. Finally, PMV Capital Advisers LLC raised its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 7.8% in the second quarter. PMV Capital Advisers LLC now owns 8,398 shares of the company’s stock valued at $330,000 after buying an additional 607 shares during the last quarter.

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

NYSEARCA TMF traded down $0.25 during trading hours on Friday, hitting $38.37. The company had a trading volume of 3,085,771 shares, compared to its average volume of 5,066,529. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 1-year low of $33.51 and a 1-year high of $48.98. The business has a 50 day moving average of $39.11 and a 200-day moving average of $39.25.

Direxion Daily 20+ Year 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. The Index constituent bonds are weighted by their relative amounts outstanding.