Raffles Associates LP Purchases New Stake in Direxion Daily 20 Year Plus Treasury Br (TMV)

Raffles Associates LP purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Br (NYSEARCA:TMV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 250,000 shares of the exchange traded fund’s stock, valued at approximately $4,880,000. Direxion Daily 20 Year Plus Treasury Br makes up approximately 4.6% of Raffles Associates LP’s investment portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the company. Nomura Holdings Inc. acquired a new stake in Direxion Daily 20 Year Plus Treasury Br in the second quarter valued at approximately $465,000. Royal Bank of Canada raised its holdings in Direxion Daily 20 Year Plus Treasury Br by 906.0% in the second quarter. Royal Bank of Canada now owns 38,952 shares of the exchange traded fund’s stock valued at $761,000 after acquiring an additional 35,080 shares in the last quarter. Finally, Virtu KCG Holdings LLC raised its holdings in Direxion Daily 20 Year Plus Treasury Br by 361.1% in the second quarter. Virtu KCG Holdings LLC now owns 116,828 shares of the exchange traded fund’s stock valued at $2,280,000 after acquiring an additional 91,493 shares in the last quarter.

Direxion Daily 20 Year Plus Treasury Br (NYSEARCA:TMV) traded up 3.19% during midday trading on Friday, reaching $19.38. The company’s stock had a trading volume of 1,662,509 shares. The company’s 50-day moving average price is $18.64 and its 200-day moving average price is $19.67. Direxion Daily 20 Year Plus Treasury Br has a 1-year low of $17.14 and a 1-year high of $25.75.

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About Direxion Daily 20 Year Plus Treasury Br

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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