Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Price Down 3.7%

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMVGet Rating)’s share price were down 3.7% during mid-day trading on Wednesday . The stock traded as low as $127.70 and last traded at $127.75. Approximately 5,705 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 572,248 shares. The stock had previously closed at $132.64.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Stock Performance

The firm’s 50-day simple moving average is $144.16 and its two-hundred day simple moving average is $116.79.

Hedge Funds Weigh In On Direxion Daily 20 Year Plus Treasury Bear 3x Shares

Several institutional investors and hedge funds have recently modified their holdings of TMV. Bank of America Corp DE purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 1st quarter valued at $33,000. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 2nd quarter valued at $51,000. UBS Group AG lifted its stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 2,403.7% in the 3rd quarter. UBS Group AG now owns 676 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 649 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 3rd quarter valued at $103,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 3rd quarter valued at $133,000.

About Direxion Daily 20 Year Plus Treasury Bear 3x Shares

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Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) 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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