Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 1-Year Low – Here’s What Happened

Shares of Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) reached a new 52-week low during trading on Friday . The company traded as low as $32.98 and last traded at $32.98, with a volume of 1338114 shares trading hands. The stock had previously closed at $34.18.

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

The stock has a 50-day simple moving average of $36.33 and a 200-day simple moving average of $38.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC bought a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares in the first quarter valued at about $25,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the fourth quarter worth about $79,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the third quarter worth about $145,000. Morse Asset Management Inc bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the third quarter worth about $161,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the fourth quarter worth about $231,000.

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.