Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Hits New 52-Week Low – Time to Sell?

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF)’s share price reached a new 52-week low on Wednesday . The company traded as low as $31.15 and last traded at $31.39, with a volume of 5531339 shares traded. The stock had previously closed at $32.91.

Direxion Daily 20+ Year Treasury Bull 3x Shares Stock Down 4.9%

The stock has a fifty day moving average of $34.33 and a 200-day moving average of $36.19.

Institutional Trading of Direxion Daily 20+ Year Treasury Bull 3x Shares

A number of large investors have recently made changes to their positions in TMF. Cassaday & Co Wealth Management LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares in the first quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares in the 4th quarter valued at $79,000. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the 3rd quarter worth $161,000. Simplicity Wealth LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares in the fourth quarter valued at $231,000. Finally, NewEdge Advisors LLC purchased a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 1st quarter worth about $301,000.

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.