Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Sees Strong Trading Volume – Here’s Why

Shares of Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) saw an uptick in trading volume on Wednesday. 4,821,894 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 5,187,667 shares. The stock last traded at $24.8830 and had previously closed at $25.36.

Direxion Daily 20+ Year Treasury Bull 3X ETF Trading Up 2.7%

The stock’s fifty day simple moving average is $29.58 and its two-hundred day simple moving average is $32.96.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF

Several large investors have recently added to or reduced their stakes in TMF. NewEdge Advisors LLC increased its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the 2nd quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock valued at $281,000 after acquiring an additional 7,513 shares during the period. Optiver Holding B.V. acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3X ETF in the 1st quarter valued at about $3,803,000. Royal Bank of Canada lifted its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the first quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock valued at $1,516,000 after purchasing an additional 15,134 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter valued at $25,000. Finally, PPSC Investment Service Corp lifted its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF 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.

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

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.