Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up – Here’s What Happened

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up before the market opened on Friday . The stock had previously closed at $41.19, but opened at $42.45. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $42.93, with a volume of 2,007,062 shares trading hands.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Price Performance

The stock has a 50 day simple moving average of $42.54 and a two-hundred day simple moving average of $46.23.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.2879 dividend. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TMF. SBI Securities Co. Ltd. bought a new stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 4th quarter valued at $25,384,000. JPMorgan Chase & Co. raised its position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 626.8% in the third quarter. JPMorgan Chase & Co. now owns 287,834 shares of the company’s stock valued at $16,625,000 after purchasing an additional 248,230 shares during the period. Tidal Investments LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter worth about $5,215,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares during the 4th quarter worth about $3,040,000. Finally, PPSC Investment Service Corp grew its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 185.5% in the 4th quarter. PPSC Investment Service Corp now owns 113,852 shares of the company’s stock valued at $4,551,000 after buying an additional 73,975 shares during the last quarter.

About Direxion Daily 20 Year Plus 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.