Investors Buy Large Volume of Direxion Daily 20+ Year Treasury Bull 3X ETF Put Options (NYSEARCA:TMF)

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) was the recipient of unusually large options trading activity on Thursday. Investors acquired 19,830 put options on the company. This is an increase of 35% compared to the typical volume of 14,681 put options.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% in the 2nd quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock worth $281,000 after acquiring an additional 7,513 shares during the period. Optiver Holding B.V. acquired a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF during the first quarter worth $3,803,000. Royal Bank of Canada lifted its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% during the first 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 in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the first quarter valued at $25,000. Finally, PPSC Investment Service Corp boosted its stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% in the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after purchasing an additional 22,697 shares during the period.

Direxion Daily 20+ Year Treasury Bull 3X ETF Price Performance

NYSEARCA:TMF opened at $29.64 on Friday. The business’s 50-day moving average is $31.17 and its two-hundred day moving average is $34.11. Direxion Daily 20+ Year Treasury Bull 3X ETF has a 12 month low of $28.90 and a 12 month high of $44.24.

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.