Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up to $54.48

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up before the market opened on Friday . The stock had previously closed at $54.48, but opened at $57.35. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $57.81, with a volume of 2,938,133 shares.

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

The firm’s fifty day simple moving average is $50.37 and its 200 day simple moving average is $51.18.

Hedge Funds Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Several hedge funds and other institutional investors have recently made changes to their positions in TMF. Signet Financial Management LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter worth $641,000. XR Securities LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at about $5,988,000. Apollon Wealth Management LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at about $421,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at about $36,000. Finally, Foundations Investment Advisors LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter valued at about $285,000.

Direxion Daily 20 Year Plus 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.