Traders Purchase Large Volume of Direxion Daily 20+ Year Treasury Bear 3x Shares Call Options (NYSEARCA:TMV)

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) was the recipient of unusually large options trading on Thursday. Stock investors bought 3,081 call options on the stock. This is an increase of approximately 189% compared to the typical volume of 1,067 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TMV. Group One Trading LLC bought a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 3rd quarter worth approximately $75,000. Headlands Technologies LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter worth about $208,000. Creative Planning bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter valued at about $236,000. Virtu Financial LLC increased its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% in the fourth quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock worth $613,000 after purchasing an additional 1,785 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter valued at $614,000.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Down 1.0%

Shares of TMV stock traded down $0.37 on Thursday, reaching $37.08. The company had a trading volume of 200,886 shares, compared to its average volume of 1,074,220. The business’s 50-day moving average is $36.11 and its 200 day moving average is $35.46. Direxion Daily 20+ Year Treasury Bear 3x Shares has a one year low of $31.03 and a one year high of $44.30.

About Direxion Daily 20+ Year Treasury Bear 3x Shares

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) 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.