Foundations Investment Advisors LLC Reduces Stake in Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Foundations Investment Advisors LLC has decreased its holdings in Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF – Free Report) by 20.2% during the third quarter. This change was revealed in their latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling 919 shares, the firm now owns 3,637 shares in the fund, which were valued at approximately $210,000 at the close of the reporting period.

Other hedge funds have also recently adjusted their positions in TMF. For example, BNP Paribas Financial Markets acquired a new stake in the shares during the first quarter, investing around $979,000. Similarly, Capital Investment Counsel Inc has significantly raised its position by an impressive 2,014.0%, now holding 10,570 shares worth $576,000 after acquiring an additional 10,070 shares in the last quarter. LifeGuide Financial Advisors LLC also entered the market, buying a new stake valued at $1,172,000 during the second quarter. Additionally, Turim 21 Investimentos Ltda. increased their holdings by 415.0% in the same period, now owning 1,849 shares worth $90,000 after purchasing a further 1,490 shares. Verus Capital Partners LLC has also established a new position in TMF, valued at about $222,000.

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

As of Monday, shares of NYSEARCA:TMF opened at $47.63. The 50-day moving average price stands at $56.65, while the 200-day moving average price is $52.24. The stock has seen a 12-month low of $39.20 and a peak of $67.87.

Overview of Direxion Daily 20 Year Plus Treasury Bull 3x Shares

Direxion Daily 20 Year Plus Treasury Bull 3x Shares, formerly known as Direxion Daily 30-Year Treasury Bull 3X Shares, aims for daily investment returns that are 300% of the price performance of the NYSE 20 Year Plus Treasury Bond Index. This index encompasses various securities and seeks to reflect the total returns from the long-term segment of the U.S. Treasury bond market with maturities of 20 years and above.

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For anyone looking to view other hedge funds' positions in TMF, they can visit HoldingsChannel.com for the latest 13F filings and insider transactions related to Direxion Daily 20 Year Plus Treasury Bull 3x Shares (NYSEARCA:TMF – Free Report).

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