Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Down 2.7% – Should You Sell?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price dropped 2.7% on Monday . The stock traded as low as $42.84 and last traded at $42.90. Approximately 1,485,392 shares traded hands during trading, a decline of 81% from the average daily volume of 7,821,761 shares. The stock had previously closed at $44.08.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Down 0.7 %

The business has a fifty day moving average of $42.38 and a 200-day moving average of $46.56.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.2879 dividend. The ex-dividend date of this dividend is Tuesday, March 25th.

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

Several institutional investors have recently made changes to their positions in TMF. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the fourth quarter worth about $25,384,000. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock valued at $16,625,000 after purchasing an additional 248,230 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter worth approximately $5,215,000. Hollencrest Capital Management bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the fourth quarter valued at approximately $3,040,000. Finally, PPSC Investment Service Corp increased its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% during the fourth quarter. PPSC Investment Service Corp now owns 113,852 shares of the company’s stock valued at $4,551,000 after buying an additional 73,975 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.