Direxion Daily 20 Year Plus Treasury Bull 3x Shares Sees Significant Price Increase

On Friday, shares of Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF) experienced a notable price surge before the market opened. The stock closed at $43.91 the previous day but opened at $44.93, indicating a significant uptick. During trading, the shares were last recorded at $44.57, with a total volume of 1,229,048 shares exchanged.

Price Trends for Direxion Daily 20 Year Plus Treasury Bull 3x Shares

The stock's price performance illustrates some important averages, with its 50-day moving average sitting at $41.17 and its 200-day moving average at $47.87. This gap between the moving averages may suggest potential volatility or changing market conditions.

Institutional Investment Insights

Recent movements among institutional investors signal growing interest in Direxion Daily 20 Year Plus Treasury Bull 3x Shares. HighTower Advisors LLC bought a new stake worth approximately $209,000 during the third quarter. Furthermore, JPMorgan Chase & Co. significantly increased its holdings by 626.8% also in the third quarter, now owning 287,834 shares valued at about $16,625,000 after acquiring an additional 248,230 shares. Vontobel Holding Ltd. also raised its position by 188.8%, bringing its ownership to 21,345 shares valued at $853,000 after additional purchases. PPSC Investment Service Corp boosted its stake by 185.5%, now possessing 113,852 shares worth $4,551,000 following their own increase. Lastly, Aveo Capital Partners LLC made a new investment in the fund valued at roughly $1,911,000 during the fourth quarter.

About Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Direxion Daily 20 Year Plus Treasury Bull 3x Shares is designed to provide triple the daily investment performance of the NYSE 20 Year Plus Treasury Bond Index. This index captures the total returns from long-term securities, specifically those maturing in 20 years or more from the United States Treasury market.

Additional Information

For investors looking to stay updated, various resources offer insights into the market, trends, and investing strategies related to Direxion Daily 20 Year Plus Treasury Bull 3x Shares.

Direxion, Treasury, Bull