Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Pass Below 200-Day Moving Average – Here’s What Happened

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.87 and traded as low as $17.98. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.31, with a volume of 289,514 shares traded.

Direxion Daily Real Estate Bear 3X Shares Price Performance

The stock’s 50 day moving average price is $19.21 and its two-hundred day moving average price is $21.87.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Group One Trading LLC lifted its position in Direxion Daily Real Estate Bear 3X Shares by 106.9% during the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after acquiring an additional 1,892 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter valued at about $265,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter valued at about $335,000. Finally, Virtu Financial LLC increased 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 during the period.

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.