Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Pass Below 50 Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $22.25 and traded as low as $19.58. Direxion Daily Real Estate Bear 3X Shares shares last traded at $19.74, with a volume of 153,612 shares traded.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The stock has a 50 day moving average of $22.25 and a 200 day moving average of $24.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC grew its stake in shares of Direxion Daily Real Estate Bear 3X Shares by 21.8% in the third quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock worth $106,000 after purchasing an additional 800 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after purchasing an additional 5,614 shares in the last quarter. J. Safra Sarasin Holding AG bought a new position in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth $265,000. Finally, Quadrature Capital Ltd bought a new position in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth $335,000.

About Direxion Daily Real Estate Bear 3X Shares

The Direxion Daily Real Estate Bear 3X Shares (DRV) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged inverse exposure to an index that captures large cap equities of the US real estate segment. DRV was launched on Jul 16, 2009 and is managed by Direxion.