Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Stock Price Cross Above Fifty Day Moving Average – What’s Next?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $23.10 and traded as high as $24.25. Direxion Daily Real Estate Bear 3X Shares shares last traded at $23.84, with a volume of 178,933 shares traded.

Direxion Daily Real Estate Bear 3X Shares Trading Up 9.6%

The business has a fifty day simple moving average of $23.10 and a 200 day simple moving average of $24.59.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRV. Virtu Financial LLC raised its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% in the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock valued at $994,000 after purchasing an additional 5,614 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth about $335,000. J. Safra Sarasin Holding AG acquired a new position in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter valued at approximately $265,000. Finally, Group One Trading LLC lifted its stake in shares of Direxion Daily Real Estate Bear 3X Shares by 21.8% during the third quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock valued at $106,000 after buying an additional 800 shares during the period.

Direxion Daily Real Estate Bear 3X Shares Company Profile

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.