Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up – Still a Buy?

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up prior to trading on Friday . The stock had previously closed at $41.37, but opened at $42.34. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $42.33, with a volume of 1,861,259 shares traded.

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

The firm has a fifty day simple moving average of $47.52 and a two-hundred day simple moving average of $52.25.

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

Several large investors have recently modified their holdings of TMF. U.S. Capital Wealth Advisors LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 3rd quarter worth about $14,384,000. BNP Paribas Financial Markets grew its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.3% during the third quarter. BNP Paribas Financial Markets now owns 166,647 shares of the company’s stock valued at $9,626,000 after buying an additional 37,729 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the third quarter worth approximately $1,673,000. LifeGuide Financial Advisors LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter worth approximately $1,172,000. Finally, SG Americas Securities LLC lifted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 33.0% during the 3rd quarter. SG Americas Securities LLC now owns 62,130 shares of the company’s stock worth $3,589,000 after acquiring an additional 15,404 shares during the last quarter.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

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.