Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Sees Large Increase in Short Interest

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,108,062 shares, an increase of 113.4% from the November 30th total of 2,862,480 shares. Approximately 5.6% of the shares of the company are short sold. Based on an average daily trading volume, of 5,909,286 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 5,909,286 shares, the short-interest ratio is presently 1.0 days. Approximately 5.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd acquired a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the third quarter valued at approximately $145,000. Morse Asset Management Inc acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the third quarter valued at about $161,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the second quarter valued at approximately $267,000. X Square Capital LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the 3rd quarter valued at $281,000. Finally, NewEdge Advisors LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the first quarter worth about $301,000.

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

Shares of NYSEARCA:TMF traded down $0.38 on Friday, hitting $38.07. 4,901,819 shares of the company were exchanged, compared to its average volume of 7,505,706. Direxion Daily 20+ Year Treasury Bull 3x Shares has a one year low of $33.51 and a one year high of $48.98. The company’s 50 day moving average price is $40.40 and its two-hundred day moving average price is $39.23.

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.