Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up to $8.95

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF – Get Rating) shares gapped up prior to trading on Thursday . The stock had previously closed at $8.95, but opened at $9.25. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $9.14, with a volume of 7,228,262 shares trading hands.

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

The stock has a 50 day simple moving average of $8.68 and a 200-day simple moving average of $8.63.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TMF. UBS Group AG raised its stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 449.0% during the first quarter. UBS Group AG now owns 16,075 shares of the company’s stock valued at $315,000 after buying an additional 13,147 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the first quarter worth $209,000. Sprott Inc. raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 23.0% in the first quarter. Sprott Inc. now owns 18,700 shares of the company’s stock worth $366,000 after purchasing an additional 3,500 shares during the last quarter. Royal Bank of Canada purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the first quarter worth $3,357,000. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the first quarter worth $3,128,000.

Direxion Daily 20 Year Plus Treasury Bull 3x Shares Company Profile

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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.