Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.15 and traded as high as $39.96. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $39.54, with a volume of 379,669 shares.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Up 0.0%

The business’s 50 day moving average price is $38.52 and its two-hundred day moving average price is $37.18.

Institutional Trading of Direxion Daily 20+ Year Treasury Bear 3x Shares

Hedge funds have recently added to or reduced their stakes in the stock. Cim LLC increased its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 0.8% during the third quarter. Cim LLC now owns 143,168 shares of the exchange traded fund’s stock worth $5,017,000 after buying an additional 1,194 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 38.0% during the 1st quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 1,222 shares in the last quarter. Virtu Financial LLC grew its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% during the 4th quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 1,785 shares during the last quarter. Group One Trading LLC acquired a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 3rd quarter worth about $75,000. Finally, Headlands Technologies LLC acquired a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth about $208,000.

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.