Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 52-Week Low – Time to Sell?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $39.31 and last traded at $39.40, with a volume of 2307863 shares changing hands. The stock had previously closed at $39.83.

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

The company’s 50-day moving average is $45.12 and its 200-day moving average is $51.22.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bull 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in TMF. U.S. Capital Wealth Advisors LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 3rd quarter valued at about $14,384,000. JPMorgan Chase & Co. increased its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% during the third quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock valued at $16,625,000 after acquiring an additional 248,230 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock valued at $9,626,000 after acquiring an additional 37,729 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 3rd quarter worth approximately $1,673,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 33.0% in the 3rd quarter. SG Americas Securities LLC now owns 62,130 shares of the company’s stock worth $3,589,000 after acquiring an additional 15,404 shares during the last quarter.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

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.