Ping Capital Management Inc. Acquires New Position in Direxion Daily 20+ Year Treasury Bull 3x Shares $TMF

Ping Capital Management Inc. bought a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) in the third quarter, Holdings Channel reports. The institutional investor bought 69,000 shares of the company’s stock, valued at approximately $2,772,000. Direxion Daily 20+ Year Treasury Bull 3x Shares makes up about 0.9% of Ping Capital Management Inc.’s holdings, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Royal Bank of Canada raised its stake 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 in the last quarter. SG Americas Securities LLC boosted its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 3.2% in the 3rd quarter. SG Americas Securities LLC now owns 103,388 shares of the company’s stock valued at $4,154,000 after purchasing an additional 3,248 shares in the last quarter. LifeGuide Financial Advisors LLC grew its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 19.4% during the 2nd quarter. LifeGuide Financial Advisors LLC now owns 24,294 shares of the company’s stock valued at $953,000 after purchasing an additional 3,940 shares during the last quarter. Hollencrest Capital Management raised its position in Direxion Daily 20+ Year Treasury Bull 3x Shares by 6.1% in the 2nd quarter. Hollencrest Capital Management now owns 82,391 shares of the company’s stock worth $3,233,000 after purchasing an additional 4,737 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 1st quarter worth $301,000.

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

NYSEARCA TMF opened at $37.93 on Friday. The company has a 50-day simple moving average of $38.73 and a two-hundred day simple moving average of $39.24. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 12-month low of $33.51 and a 12-month high of $48.98.

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.