Significant Inflows Detected in Direxion Daily Treasury ETF
In the latest week, the Direxion Daily 20 Year Plus Treasury Bull 3x Shares (Symbol: TMF) has shown impressive activity with an inflow of approximately $229.9 million. This marks a 5.4% week-over-week increase in the number of outstanding shares, rising from 114,598,386 to 120,748,386.
The following chart illustrates TMF’s price performance over the past year in comparison to its 200-day moving average:
As per the chart, TMF has a low of $35.43 and a high of $64.98 over the past 52 weeks, closing recently at $35.94. Evaluating the current share price against the 200-day moving average can provide valuable insights for technical analysis.
Exchange-traded funds (ETFs) operate similarly to stocks; however, investors trade “units” instead of shares. These units can be created or destroyed to meet investor demand. Weekly analysis of shares outstanding helps identify ETFs that are experiencing significant inflows, indicating a demand for new units, or outflows, signifying a reduction in units. The creation of new units necessitates the purchase of the underlying holdings, while the destruction of units entails selling those holdings. Therefore, large inflows or outflows can also affect the individual components within the ETFs.
Click here to explore which nine other ETFs have experienced notable inflows.
Additional Information:
- IMCC Average Annual Return
- RGC Insider Buying
- AIM Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
