Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Shares Gap Up – Here’s What Happened

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $26.89, but opened at $28.54. Direxion Daily 20+ Year Treasury Bull 3X ETF shares last traded at $28.3890, with a volume of 9,806,886 shares.

Direxion Daily 20+ Year Treasury Bull 3X ETF Stock Up 0.1%

The company has a 50 day moving average of $29.06 and a 200-day moving average of $32.61.

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

Institutional investors have recently added to or reduced their stakes in the company. PPSC Investment Service Corp lifted its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% during the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after purchasing an additional 22,697 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the 1st quarter worth approximately $3,803,000. Royal Bank of Canada grew its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% in the 1st quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock worth $1,516,000 after buying an additional 15,134 shares during the last quarter. PMV Capital Advisers LLC grew its stake in shares of 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 buying an additional 1,261 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the 2nd quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock worth $281,000 after buying an additional 7,513 shares during the last quarter.

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.