Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Sees Strong Trading Volume – Here’s What Happened

Shares of Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) saw unusually-strong trading volume on Wednesday. 4,821,894 shares were traded during trading, a decline of 7% from the previous session’s volume of 5,187,667 shares. The stock last traded at $24.8830 and had previously closed at $25.36.

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

The firm has a 50 day moving average of $29.81 and a 200-day moving average of $33.11.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TMF. Optiver Holding B.V. acquired a new position in Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter valued at about $3,803,000. PPSC Investment Service Corp boosted its holdings in Direxion Daily 20+ Year Treasury Bull 3X ETF 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 acquiring an additional 22,697 shares in the last quarter. Royal Bank of Canada boosted its holdings in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% in the first quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock worth $1,516,000 after acquiring an additional 15,134 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% during the second quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock worth $281,000 after acquiring an additional 7,513 shares during the last quarter. Finally, PMV Capital Advisers LLC grew its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% during the first quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after acquiring an additional 1,261 shares during the last quarter.

Direxion Daily 20+ Year Treasury Bull 3X ETF Company Profile

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.