Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Sees Large Volume Increase – Still a Buy?

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) saw unusually-strong trading volume on Wednesday. 4,821,894 shares changed hands during 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 Stock Performance

The company has a 50 day simple moving average of $29.81 and a two-hundred day simple moving average of $33.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC lifted its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the second 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 in the last quarter. PMV Capital Advisers LLC lifted its holdings in Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% in the 1st quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock valued at $366,000 after purchasing an additional 1,261 shares in the last quarter. Royal Bank of Canada boosted its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the 1st quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock worth $1,516,000 after purchasing an additional 15,134 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the first quarter worth $3,803,000.

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.