Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Sets New 1-Year Low – Time to Sell?

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price hit a new 52-week low 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 Price Performance

The company has a fifty day moving average price of $33.31 and a 200-day moving average price of $35.46.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the first quarter worth approximately $25,000. Tucker Asset Management LLC bought a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the fourth quarter worth approximately $79,000. Morse Asset Management Inc purchased a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the third quarter worth $161,000. Simplicity Wealth LLC bought a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 4th quarter valued at $231,000. Finally, NewEdge Advisors LLC bought a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 1st quarter valued at $301,000.

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.