Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Short Interest Down 43.2% in December

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 3,468,419 shares, a drop of 43.2% from the December 15th total of 6,108,062 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,782,820 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 4,782,820 shares, the short-interest ratio is currently 0.7 days. Approximately 3.4% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 5.4% in the first quarter. Royal Bank of Canada now owns 24,602 shares of the company’s stock worth $1,082,000 after acquiring an additional 1,265 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 1st quarter worth approximately $301,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 1st quarter worth approximately $1,356,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 2nd quarter valued at $267,000. Finally, PMV Capital Advisers LLC raised its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 7.8% during the 2nd quarter. PMV Capital Advisers LLC now owns 8,398 shares of the company’s stock valued at $330,000 after purchasing an additional 607 shares during the period.

Direxion Daily 20+ Year Treasury Bull 3x Shares Trading Down 0.0%

Shares of NYSEARCA:TMF traded down $0.01 during trading on Thursday, reaching $38.61. The company had a trading volume of 3,866,292 shares, compared to its average volume of 5,283,934. The firm’s fifty day moving average is $39.11 and its 200 day moving average is $39.25. Direxion Daily 20+ Year Treasury Bull 3x Shares has a twelve month low of $33.51 and a twelve month high of $48.98.

Direxion Daily 20+ Year Treasury Bull 3x Shares 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.