Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Sees Large Decline in Short Interest

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,570,000 shares, adecreaseof73.3% from the July 15th total of 5,870,000 shares. Based on an average daily volume of 9,230,600 shares, the short-interest ratio is currently 0.2 days. Approximately1.2% of the shares of the company are short sold. Approximately1.2% of the shares of the company are short sold. Based on an average daily volume of 9,230,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Direxion Daily 20+ Year Treasury Bull 3x Shares

A number of institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC grew its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 52.2% in the 2nd quarter. IHT Wealth Management LLC now owns 95,400 shares of the company’s stock valued at $3,743,000 after buying an additional 32,730 shares in the last quarter. Group One Trading LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the second quarter valued at $2,513,000. Jump Financial LLC grew its position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 115.4% in the second quarter. Jump Financial LLC now owns 482,070 shares of the company’s stock valued at $18,916,000 after purchasing an additional 258,272 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the 2nd quarter valued at $412,000. Finally, Marshall Wace LLP purchased a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 2nd quarter worth about $2,786,000.

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

Shares of NYSEARCA TMF opened at $36.92 on Friday. The stock has a fifty day simple moving average of $37.48 and a two-hundred day simple moving average of $39.64. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 1-year low of $33.51 and a 1-year high of $64.98.

About Direxion Daily 20+ Year Treasury Bull 3x Shares

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.