Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Short Interest Up 71.6% in January

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 5,951,479 shares, an increase of 71.6% from the December 31st total of 3,468,419 shares. Based on an average trading volume of 5,286,818 shares, the short-interest ratio is currently 1.1 days. Approximately 6.0% of the company’s stock are sold short. Approximately 6.0% of the company’s stock are sold short. Based on an average trading volume of 5,286,818 shares, the short-interest ratio is currently 1.1 days.

Direxion Daily 20+ Year Treasury Bull 3x Shares Price Performance

Shares of NYSEARCA:TMF traded down $0.58 on Friday, hitting $36.93. 7,309,714 shares of the company traded hands, compared to its average volume of 6,271,887. The stock has a 50 day simple moving average of $38.49 and a 200-day simple moving average of $39.24. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 52 week low of $33.51 and a 52 week high of $48.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 5.4% in the first quarter. Royal Bank of Canada now owns 24,602 shares of the company’s stock worth $1,082,000 after purchasing an additional 1,265 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 1st quarter worth about $301,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 1st quarter worth about $1,356,000. Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 2nd quarter worth about $267,000. Finally, PPSC Investment Service Corp lifted its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 22.6% during the 2nd quarter. PPSC Investment Service Corp now owns 204,793 shares of the company’s stock valued at $8,036,000 after acquiring an additional 37,806 shares during the period.

About Direxion Daily 20+ Year 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. The Index constituent bonds are weighted by their relative amounts outstanding.