Direxion Daily 20+ Year Treasury Bear 3X ETF $TMV Shares Newly Acquired by Franchise GP Ltd

Franchise GP Ltd bought a new position in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 480,140 shares of the exchange traded fund’s stock, valued at approximately $23,954,000. Direxion Daily 20+ Year Treasury Bear 3X ETF accounts for approximately 10.2% of Franchise GP Ltd’s portfolio, making the stock its 2nd largest holding. Franchise GP Ltd owned about 0.10% of Direxion Daily 20+ Year Treasury Bear 3X ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Direxion Daily 20+ Year Treasury Bear 3X ETF by 38.0% during the first quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 1,222 shares in the last quarter. Adamsbrown Wealth Consultants LLC acquired a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF in the second quarter valued at approximately $371,000. Virtu Financial LLC lifted its holdings in Direxion Daily 20+ Year Treasury Bear 3X ETF by 12.1% in the fourth quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 1,785 shares during the period. Renaissance Technologies LLC acquired a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF in the first quarter valued at approximately $1,984,000. Finally, Cim LLC boosted its position in Direxion Daily 20+ Year Treasury Bear 3X ETF by 1.5% in the 1st quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock worth $5,547,000 after purchasing an additional 2,265 shares in the last quarter.

Direxion Daily 20+ Year Treasury Bear 3X ETF Stock Performance

Direxion Daily 20+ Year Treasury Bear 3X ETF stock opened at $45.66 on Friday. Direxion Daily 20+ Year Treasury Bear 3X ETF has a 12 month low of $31.82 and a 12 month high of $52.20. The stock’s 50 day simple moving average is $44.87 and its two-hundred day simple moving average is $40.88.

Direxion Daily 20+ Year Treasury Bear 3X ETF Company Profile

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.