Direxion Daily 20+ Year Treasury Bull 3X ETF Sees Unusually High Options Volume (NYSEARCA:TMF)

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) saw unusually large options trading on Thursday. Traders bought 19,830 put options on the company. This is an increase of approximately 35% compared to the typical daily volume of 14,681 put options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. PPSC Investment Service Corp increased its holdings in Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% in the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock worth $10,532,000 after buying an additional 22,697 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3X ETF in the first quarter valued at approximately $3,803,000. Royal Bank of Canada grew its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% in the first 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. PMV Capital Advisers LLC increased its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% during the 1st quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after purchasing an additional 1,261 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% during the 2nd quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock worth $281,000 after purchasing an additional 7,513 shares during the last quarter.

Direxion Daily 20+ Year Treasury Bull 3X ETF Trading Up 2.7%

NYSEARCA:TMF traded up $0.80 during trading hours on Thursday, reaching $30.14. 1,915,341 shares of the company’s stock were exchanged, compared to its average volume of 4,788,085. The business’s 50-day simple moving average is $31.30 and its two-hundred day simple moving average is $34.22. Direxion Daily 20+ Year Treasury Bull 3X ETF has a 12 month low of $28.90 and a 12 month high of $44.24.

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.