Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) Shares Gap Up to $4.59

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) gapped up before the market opened on Tuesday . The stock had previously closed at $4.59, but opened at $4.94. Direxion Daily 20 Year Plus Treasury Bull 3x Shares shares last traded at $4.90, with a volume of 25,367,574 shares trading hands.

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

The company’s 50-day moving average is $4.75 and its 200 day moving average is $6.39.

Shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares are scheduled to reverse split on the morning of Monday, December 4th. The 1-10 reverse split was announced on Monday, December 4th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, December 4th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of TMF. Headlands Technologies LLC bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 1st quarter worth approximately $33,000. Jump Financial LLC bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares in the 1st quarter worth approximately $708,000. XR Securities LLC lifted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 1,365.7% in the 2nd quarter. XR Securities LLC now owns 181,084 shares of the company’s stock worth $1,412,000 after purchasing an additional 168,729 shares during the period. Innova Wealth Partners lifted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 29.1% in the 2nd quarter. Innova Wealth Partners now owns 39,248 shares of the company’s stock worth $306,000 after purchasing an additional 8,840 shares during the period. Finally, LifeGuide Financial Advisors LLC lifted its stake in shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares by 19.0% in the 2nd quarter. LifeGuide Financial Advisors LLC now owns 152,295 shares of the company’s stock worth $1,188,000 after purchasing an additional 24,359 shares during the period.

About Direxion Daily 20 Year Plus 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.