Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Reaches New 1-Year Low – Time to Sell?

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF)’s share price hit a new 52-week low during trading on Wednesday. The stock traded as low as $28.82 and last traded at $28.8210, with a volume of 2217201 shares changing hands. The stock had previously closed at $29.86.

Direxion Daily 20+ Year Treasury Bull 3X ETF Stock Performance

The firm has a 50-day moving average of $30.85 and a 200-day moving average of $33.77.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF

A number of hedge funds and other institutional investors have recently modified their holdings of TMF. Cassaday & Co Wealth Management LLC bought a new stake in Direxion Daily 20+ Year Treasury Bull 3X ETF in the 1st quarter valued at $25,000. NewEdge Advisors LLC grew its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% during the second quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after purchasing an additional 7,513 shares in the last quarter. PMV Capital Advisers LLC increased its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% in the 1st quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after acquiring an additional 1,261 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the 1st quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock worth $1,516,000 after acquiring an additional 15,134 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter worth approximately $3,803,000.

Direxion Daily 20+ Year Treasury Bull 3X ETF 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.