Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Trading 4.1% Higher – Still a Buy?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price traded up 4.1% on Monday . The stock traded as high as $45.23 and last traded at $45.25. 1,731,148 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 6,766,531 shares. The stock had previously closed at $43.45.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Down 2.2 %

The company has a fifty day moving average of $41.33 and a two-hundred day moving average of $47.59.

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

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock worth $9,626,000 after acquiring an additional 37,729 shares in the last quarter. HighTower Advisors LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the third quarter valued at about $209,000. IHT Wealth Management LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the third quarter valued at about $583,000. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 248,230 shares in the last quarter. Finally, Innova Wealth Partners bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter worth about $316,000.

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.