Shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV – Get Rating) were up 3.8% on Friday . The stock traded as high as $125.58 and last traded at $125.45. Approximately 8,225 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 564,315 shares. The stock had previously closed at $120.81.

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

The company's 50-day moving average is $137.46 and its two-hundred day moving average is $119.31.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TMV. Bank of America Corp DE bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the first quarter worth approximately $33,000. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the second quarter worth approximately $51,000. UBS Group AG increased its position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 2,403.7% in the third quarter. UBS Group AG now owns 676 shares of the exchange traded fund's stock worth $90,000 after purchasing an additional 649 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the third quarter worth approximately $103,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the third quarter valued at approximately $133,000.

About Direxion Daily 20 Year Plus Treasury Bear 3x Shares

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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