Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up – Still a Buy?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up before the market opened on Monday . The stock had previously closed at $44.71, but opened at $47.38. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $47.20, with a volume of 1,957,500 shares trading hands.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Trading Up 7.5 %

The business has a 50-day simple moving average of $51.26 and a 200-day simple moving average of $52.36.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 1,989.2% during the first quarter. Jane Street Group LLC now owns 15,175,854 shares of the company’s stock worth $827,084,000 after buying an additional 14,449,454 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 3rd quarter worth approximately $14,384,000. BNP Paribas Financial Markets increased its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% during the third quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock valued at $9,626,000 after purchasing an additional 37,729 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the first quarter valued at $4,584,000. Finally, SG Americas Securities LLC lifted its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 33.0% in the third quarter. SG Americas Securities LLC now owns 62,130 shares of the company’s stock worth $3,589,000 after purchasing an additional 15,404 shares during the period.

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.