Traders Purchase Large Volume of Direxion Daily 20+ Year Treasury Bear 3x Shares Call Options (NYSEARCA:TMV)

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) saw unusually large options trading activity on Thursday. Traders bought 3,081 call options on the stock. This is an increase of 189% compared to the average daily volume of 1,067 call options.

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

Large investors have recently added to or reduced their stakes in the stock. Group One Trading LLC purchased a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares during the third quarter valued at approximately $75,000. Headlands Technologies LLC purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth approximately $208,000. Creative Planning purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter worth approximately $236,000. Virtu Financial LLC boosted its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% in the 4th quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock valued at $613,000 after purchasing an additional 1,785 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter valued at $614,000.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Down 1.0%

Shares of TMV stock traded down $0.37 during trading hours on Thursday, reaching $37.08. The company had a trading volume of 200,886 shares, compared to its average volume of 1,074,220. The business has a fifty day simple moving average of $36.11 and a 200-day simple moving average of $35.46. Direxion Daily 20+ Year Treasury Bear 3x Shares has a 12 month low of $31.03 and a 12 month high of $44.30.

About Direxion Daily 20+ Year Treasury Bear 3x Shares

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) 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.