Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Down 5.3%

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) traded down 5.3% on Thursday . The stock traded as low as $31.54 and last traded at $32.18, 3,121,200 shares traded hands during mid-day trading. An increase of 364% from the average session volume of 672,461 shares. The stock had previously closed at $33.97.

The company has a 50 day moving average price of $29.68 and a two-hundred day moving average price of $23.67.

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter valued at about $6,070,000. Morgan Stanley boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 3.9% during the 2nd quarter. Morgan Stanley now owns 49,831 shares of the company’s stock valued at $1,241,000 after acquiring an additional 1,883 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 2nd quarter valued at about $772,000. SG Americas Securities LLC boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 68.1% during the 2nd quarter. SG Americas Securities LLC now owns 76,068 shares of the company’s stock valued at $1,894,000 after acquiring an additional 30,805 shares during the last quarter. Finally, David R. Rahn & Associates Inc. boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 111.8% during the 2nd quarter. David R. Rahn & Associates Inc. now owns 402,372 shares of the company’s stock valued at $10,019,000 after acquiring an additional 212,407 shares during the last quarter.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Company Profile (NYSEARCA:TMF)

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.

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