Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Up 2.6% – Here’s Why

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) shot up 2.6% during trading on Monday . The stock traded as high as $44.48 and last traded at $43.92. 1,566,836 shares traded hands during trading, a decline of 80% from the average session volume of 7,854,352 shares. The stock had previously closed at $42.80.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Up 1.1 %

The business’s 50 day simple moving average is $42.54 and its 200 day simple moving average is $46.11.

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

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.2879 per share. The ex-dividend date is Tuesday, March 25th.

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

Several institutional investors have recently modified their holdings of TMF. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter valued at $25,384,000. JPMorgan Chase & Co. increased its position 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 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 third 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. Barclays PLC lifted its holdings in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 80.2% in the 4th quarter. Barclays PLC now owns 148,171 shares of the company’s stock worth $5,922,000 after acquiring an additional 65,935 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter worth about $5,215,000.

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.