Short Interest in Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Declines By 19.9%

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 11,587,083 shares, a decrease of 19.9% from the February 12th total of 14,461,873 shares. Approximately 12.4% of the company’s stock are sold short. Based on an average daily volume of 4,781,806 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 4,781,806 shares, the short-interest ratio is currently 2.4 days. Approximately 12.4% of the company’s stock are sold short.

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

Shares of NYSEARCA:TMF traded down $0.57 during midday trading on Friday, reaching $36.40. 6,463,689 shares of the company traded hands, compared to its average volume of 6,162,308. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 12 month low of $33.51 and a 12 month high of $48.98. The firm’s fifty day moving average price is $38.59 and its two-hundred day moving average price is $39.65.

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

A number of hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the fourth quarter worth approximately $504,000. Quadrature Capital Ltd purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 4th quarter valued at $6,994,000. Royal Bank of Canada purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 4th quarter worth $1,004,000. Marex Group plc increased its holdings in Direxion Daily 20+ Year Treasury Bull 3x Shares by 14.7% during the fourth quarter. Marex Group plc now owns 131,475 shares of the company’s stock valued at $4,907,000 after buying an additional 16,841 shares during the period. Finally, Group One Trading LLC boosted its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 8,283.8% in the 4th quarter. Group One Trading LLC now owns 206,075 shares of the company’s stock valued at $7,691,000 after buying an additional 203,617 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.