Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Sees Strong Trading Volume – Here’s Why

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) saw unusually-high trading volume on Friday . Approximately 3,533,008 shares traded hands during trading, a decline of 25% from the previous session’s volume of 4,729,900 shares.The stock last traded at $30.42 and had previously closed at $31.24.

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

The company’s 50 day simple moving average is $34.26 and its two-hundred day simple moving average is $36.10.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bull 3x Shares

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