Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Short Interest Up 60.8% in January

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 9,569,112 shares, an increase of 60.8% from the January 15th total of 5,951,479 shares. Based on an average daily trading volume, of 7,257,931 shares, the days-to-cover ratio is currently 1.3 days. Currently, 10.2% of the shares of the stock are sold short. Currently, 10.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,257,931 shares, the days-to-cover ratio is currently 1.3 days.

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

Shares of NYSEARCA:TMF traded up $0.56 on Friday, hitting $40.42. The company’s stock had a trading volume of 8,463,609 shares, compared to its average volume of 6,519,527. The company has a 50-day simple moving average of $37.97 and a 200 day simple moving average of $39.39. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 1 year low of $33.51 and a 1 year high of $48.98.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3x Shares

Several hedge funds have recently bought and sold shares of the stock. Shengqi Capital Hong Kong Ltd bought a new position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the 2nd quarter worth $24,132,600,000. Jump Financial LLC grew its position in Direxion Daily 20+ Year Treasury Bull 3x Shares by 115.4% in the second quarter. Jump Financial LLC now owns 482,070 shares of the company’s stock worth $18,916,000 after acquiring an additional 258,272 shares in the last quarter. Group One Trading LLC increased its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 8,283.8% in the fourth quarter. Group One Trading LLC now owns 206,075 shares of the company’s stock valued at $7,691,000 after acquiring an additional 203,617 shares during the last quarter. Simplex Trading LLC bought a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the second quarter valued at $6,545,000. Finally, JPMorgan Chase & Co. raised its position in Direxion Daily 20+ Year Treasury Bull 3x Shares by 117.5% during the third quarter. JPMorgan Chase & Co. now owns 160,998 shares of the company’s stock valued at $6,469,000 after purchasing an additional 86,978 shares in the last quarter.

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.