Short Interest in Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) Rises By 71.6%

Direxion Daily 20+ Year Treasury Bull 3x Shares (NYSEARCA:TMF) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 5,951,479 shares, an increase of 71.6% from the December 31st total of 3,468,419 shares. Based on an average daily volume of 5,286,818 shares, the short-interest ratio is presently 1.1 days. Currently, 6.0% of the company’s stock are short sold. Currently, 6.0% of the company’s stock are short sold. Based on an average daily volume of 5,286,818 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bull 3x Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMF. Royal Bank of Canada boosted its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 5.4% during the first quarter. Royal Bank of Canada now owns 24,602 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,265 shares during the period. NewEdge Advisors LLC acquired a new position in Direxion Daily 20+ Year Treasury Bull 3x Shares during the 1st quarter valued at about $301,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily 20+ Year Treasury Bull 3x Shares in the 1st quarter worth approximately $1,356,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares during the second quarter worth $267,000. Finally, PPSC Investment Service Corp raised its stake in shares of Direxion Daily 20+ Year Treasury Bull 3x Shares by 22.6% in the second quarter. PPSC Investment Service Corp now owns 204,793 shares of the company’s stock worth $8,036,000 after purchasing an additional 37,806 shares during the last quarter.

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

TMF traded down $0.58 during mid-day trading on Friday, reaching $36.93. 7,309,714 shares of the company traded hands, compared to its average volume of 6,271,887. The company’s fifty day moving average price is $38.49 and its 200-day moving average price is $39.27. Direxion Daily 20+ Year Treasury Bull 3x Shares has a 52-week low of $33.51 and a 52-week high of $48.98.

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.