Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Reaches New 12-Month Low – Should You Sell?

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $31.15 and last traded at $31.39, with a volume of 5531339 shares trading hands. The stock had previously closed at $32.91.

Direxion Daily 20+ Year Treasury Bull 3x Shares Trading Down 0.2%

The company has a 50 day simple moving average of $34.26 and a 200-day simple moving average of $36.10.

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

Several large investors have recently added to or reduced their stakes in the company. PPSC Investment Service Corp increased its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 8.4% during the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after purchasing an additional 22,697 shares during the last quarter. UBS Group AG raised its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 31.5% during the fourth quarter. UBS Group AG now owns 227,856 shares of the company’s stock worth $8,504,000 after acquiring an additional 54,549 shares during the period. Group One Trading LLC raised its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 8,283.8% during the fourth quarter. Group One Trading LLC now owns 206,075 shares of the company’s stock worth $7,691,000 after acquiring an additional 203,617 shares during the period. Quadrature Capital Ltd bought a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the fourth quarter worth about $6,994,000. Finally, JPMorgan Chase & Co. boosted its stake in Direxion Daily 20+ Year Treasury Bull 3x Shares by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 177,772 shares of the company’s stock valued at $6,634,000 after acquiring an additional 16,774 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.