Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Hits New 12-Month High at $124.03

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMVGet Rating) shares hit a new 52-week high on Tuesday . The company traded as high as $124.03 and last traded at $123.77, with a volume of 4111 shares trading hands. The stock had previously closed at $118.46.

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

The business’s 50 day moving average price is $102.67 and its two-hundred day moving average price is $96.38.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bear 3x Shares

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 1st quarter valued at about $33,000. JPMorgan Chase & Co. purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 2nd quarter valued at about $51,000. Sandy Spring Bank lifted its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 100.0% during the 2nd quarter. Sandy Spring Bank now owns 2,000 shares of the exchange traded fund’s stock valued at $203,000 after acquiring an additional 1,000 shares during the period. TRUE Private Wealth Advisors lifted its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 6.0% during the 2nd quarter. TRUE Private Wealth Advisors now owns 47,913 shares of the exchange traded fund’s stock valued at $4,861,000 after acquiring an additional 2,694 shares during the period. Finally, Simplex Trading LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 2nd quarter valued at about $335,000.

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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