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

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up prior to trading on Monday . The stock had previously closed at $39.34, but opened at $40.62. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $40.34, with a volume of 2,690,340 shares trading hands.

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

The business has a 50-day simple moving average of $43.10 and a two-hundred day simple moving average of $50.21.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LifeGuide Financial Advisors LLC boosted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 2.2% in the 4th quarter. LifeGuide Financial Advisors LLC now owns 22,775 shares of the company’s stock valued at $910,000 after buying an additional 497 shares during the last quarter. X Square Capital LLC raised its position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 39.5% during the third quarter. X Square Capital LLC now owns 6,000 shares of the company’s stock worth $347,000 after acquiring an additional 1,700 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the third quarter valued at $209,000. Arkadios Wealth Advisors bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter valued at about $208,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter worth about $342,000.

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.