Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Hits New 1-Year Low – What’s Next?

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.42 and last traded at $29.5430, with a volume of 2426063 shares traded. The stock had previously closed at $30.34.

Direxion Daily 20+ Year Treasury Bull 3X ETF Stock Performance

The firm’s 50 day moving average is $31.57 and its 200 day moving average is $34.51.

Institutional Trading of Direxion Daily 20+ Year Treasury Bull 3X ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC raised its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 8,283.8% in the 4th quarter. Group One Trading LLC now owns 206,075 shares of the company’s stock valued at $7,691,000 after purchasing an additional 203,617 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the fourth quarter worth about $6,994,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the first quarter worth about $3,803,000. JPMorgan Chase & Co. increased its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 117.5% during the third quarter. JPMorgan Chase & Co. now owns 160,998 shares of the company’s stock worth $6,469,000 after buying an additional 86,978 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the second quarter worth approximately $2,786,000.

About Direxion Daily 20+ Year Treasury Bull 3X ETF

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.