Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Down – What’s Next?

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $40.78, but opened at $39.86. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $40.03, with a volume of 2,483,922 shares trading hands.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Stock Down 0.8 %

The company’s 50 day simple moving average is $46.66 and its two-hundred day simple moving average is $51.99.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Verus Capital Partners LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter worth approximately $222,000. LifeGuide Financial Advisors LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter worth $1,172,000. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the second quarter valued at $96,000. Turim 21 Investimentos Ltda. increased its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 415.0% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 1,849 shares of the company’s stock valued at $90,000 after acquiring an additional 1,490 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 2nd quarter worth $342,000.

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.