Shares of Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.91 and traded as high as $38.52. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $38.09, with a volume of 514,887 shares trading hands.
Direxion Daily 20+ Year Treasury Bear 3x Shares Trading Up 0.9%
The business’s fifty day simple moving average is $38.34 and its 200 day simple moving average is $36.91.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Group One Trading LLC bought a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the third quarter valued at about $75,000. Royal Bank of Canada boosted its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 38.0% during the first quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock worth $166,000 after buying an additional 1,222 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter worth about $208,000. Creative Planning bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter valued at about $236,000. Finally, Virtu Financial LLC raised its position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% in the 4th quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 1,785 shares during the period.
About Direxion Daily 20+ Year Treasury Bear 3x Shares
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. The Index constituent bonds are weighted by their relative amounts outstanding.
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