SBI Securities Co. Ltd. Sells 22,295 Shares of Direxion Daily 20+ Year Treasury Bear 3X ETF $TMV

SBI Securities Co. Ltd. reduced its stake in Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,882 shares of the exchange traded fund’s stock after selling 22,295 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Direxion Daily 20+ Year Treasury Bear 3X ETF were worth $11,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TMV. Royal Bank of Canada grew its stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 38.0% in the 1st quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock worth $166,000 after buying an additional 1,222 shares during the last quarter. Cim LLC increased its position in Direxion Daily 20+ Year Treasury Bear 3X ETF by 1.5% during the 1st quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock valued at $5,547,000 after buying an additional 2,265 shares in the last quarter. Adamsbrown Wealth Consultants LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF during the 2nd quarter valued at approximately $371,000. Renaissance Technologies LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF during the 1st quarter valued at approximately $1,984,000. Finally, Franchise GP Ltd bought a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF during the 3rd quarter valued at approximately $23,954,000.

Direxion Daily 20+ Year Treasury Bear 3X ETF Trading Down 5.5%

Shares of NYSEARCA:TMV opened at $42.83 on Friday. The stock has a fifty day simple moving average of $45.15 and a two-hundred day simple moving average of $41.16. Direxion Daily 20+ Year Treasury Bear 3X ETF has a 12-month low of $31.91 and a 12-month high of $52.20.

Direxion Daily 20+ Year Treasury Bear 3X ETF 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. The Index constituent bonds are weighted by their relative amounts outstanding.