Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 52-Week Low – Should You Sell?

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $30.15 and last traded at $30.23, with a volume of 2455963 shares changing hands. The stock had previously closed at $30.59.

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

The firm’s fifty day moving average price is $33.48 and its 200 day moving average price is $35.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. acquired a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 1st quarter worth about $3,803,000. Royal Bank of Canada grew its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 56.3% in the 1st quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock valued at $1,516,000 after buying an additional 15,134 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the 1st quarter valued at approximately $25,000. PPSC Investment Service Corp increased its holdings in Direxion Daily 20+ Year Treasury Bull 3x Shares by 8.4% in the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock worth $10,532,000 after buying an additional 22,697 shares during the last quarter. Finally, PMV Capital Advisers LLC increased its holdings in Direxion Daily 20+ Year Treasury Bull 3x Shares by 14.2% in the first quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after buying an additional 1,261 shares during the last quarter.

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.