Short Interest in Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Drops By 19.9%

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 11,587,083 shares, a drop of 19.9% from the February 12th total of 14,461,873 shares. Based on an average trading volume of 4,781,806 shares, the days-to-cover ratio is currently 2.4 days. Approximately 12.4% of the shares of the company are short sold. Approximately 12.4% of the shares of the company are short sold. Based on an average trading volume of 4,781,806 shares, the days-to-cover ratio is currently 2.4 days.

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

Several hedge funds have recently modified their holdings of TMF. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the fourth quarter worth approximately $79,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 3rd quarter worth $145,000. Morse Asset Management Inc acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 3rd quarter worth $161,000. Simplicity Wealth LLC purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the fourth quarter worth $231,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the first quarter valued at about $301,000.

Direxion Daily 20+ Year Treasury Bull 3x Shares Trading Up 1.0%

Direxion Daily 20+ Year Treasury Bull 3x Shares stock traded up $0.36 during mid-day trading on Tuesday, hitting $37.52. The company had a trading volume of 3,274,223 shares, compared to its average volume of 6,089,599. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 12-month low of $33.51 and a 12-month high of $48.98. The company’s fifty day moving average is $38.58 and its 200-day moving average is $39.66.

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.