Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Shares Gap Up – Here’s Why

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $26.89, but opened at $28.54. Direxion Daily 20+ Year Treasury Bull 3X ETF shares last traded at $28.3890, with a volume of 9,806,886 shares changing hands.

Direxion Daily 20+ Year Treasury Bull 3X ETF Price Performance

The company’s 50-day moving average is $29.19 and its two-hundred day moving average is $32.69.

Institutional Trading of Direxion Daily 20+ Year Treasury Bull 3X ETF

Hedge funds have recently modified their holdings of the business. PPSC Investment Service Corp raised its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% during the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock worth $10,532,000 after acquiring an additional 22,697 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the first quarter valued at about $3,803,000. Royal Bank of Canada grew its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the first quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock worth $1,516,000 after buying an additional 15,134 shares in the last quarter. PMV Capital Advisers LLC increased its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% during the first quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock valued at $366,000 after acquiring an additional 1,261 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the second quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after purchasing an additional 7,513 shares in the last quarter.

About Direxion Daily 20+ Year Treasury Bull 3X ETF

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.