Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Up 0.3% – Still a Buy?

Shares of Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) shot up 0.3% during mid-day trading on Monday . The stock traded as high as $36.91 and last traded at $36.75. 2,288,026 shares changed hands during trading, a decline of 54% from the average daily volume of 4,955,903 shares. The stock had previously closed at $36.65.

Direxion Daily 20+ Year Treasury Bull 3x Shares Price Performance

The stock has a 50-day moving average price of $35.04 and a 200 day moving average price of $36.90.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMF. PPSC Investment Service Corp increased its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 8.4% during the 1st quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after acquiring an additional 22,697 shares during the last quarter. UBS Group AG boosted its position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 31.5% in the fourth quarter. UBS Group AG now owns 227,856 shares of the company’s stock worth $8,504,000 after acquiring an additional 54,549 shares during the last quarter. Group One Trading LLC boosted its position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 8,283.8% in the fourth quarter. Group One Trading LLC now owns 206,075 shares of the company’s stock worth $7,691,000 after acquiring an additional 203,617 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares in the fourth quarter valued at approximately $6,994,000. Finally, JPMorgan Chase & Co. grew its holdings in Direxion Daily 20+ Year Treasury Bull 3x Shares by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 177,772 shares of the company’s stock valued at $6,634,000 after purchasing an additional 16,774 shares during the period.

About Direxion Daily 20+ Year 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. The Index constituent bonds are weighted by their relative amounts outstanding.