Renaissance Technologies LLC Takes Position in Direxion Daily 20+ Year Treasury Bear 3x Shares $TMV

Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 53,100 shares of the exchange traded fund’s stock, valued at approximately $1,984,000.

Other hedge funds have also bought and sold shares of the company. Prelude Capital Management LLC boosted its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% in the third quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock worth $2,812,000 after purchasing an additional 72,650 shares during the last quarter. Composition Wealth LLC purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter valued at $1,482,000. Simplex Trading LLC purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter valued at $1,102,000. Group One Trading LLC increased its position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 977.4% during the 4th quarter. Group One Trading LLC now owns 22,937 shares of the exchange traded fund’s stock valued at $852,000 after purchasing an additional 20,808 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter worth $614,000.

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

Shares of NYSEARCA:TMV opened at $42.67 on Wednesday. The company’s 50-day moving average is $39.37 and its 200 day moving average is $37.90. Direxion Daily 20+ Year Treasury Bear 3x Shares has a fifty-two week low of $31.82 and a fifty-two week high of $43.51.

Direxion Daily 20+ Year Treasury Bear 3x Shares Company 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.