Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Price Cross Above Two Hundred Day Moving Average – Here’s Why

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.84 and traded as high as $39.99. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $39.57, with a volume of 2,606,925 shares.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Stock Up 2.0 %

The firm’s 50 day moving average is $37.86 and its two-hundred day moving average is $33.84.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bear 3x Shares

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC increased its stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 20.0% in the 3rd quarter. Virtu Financial LLC now owns 52,208 shares of the exchange traded fund’s stock valued at $1,509,000 after buying an additional 8,686 shares during the last quarter. IMC Chicago LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 4th quarter valued at about $1,539,000. Finally, MADDEN SECURITIES Corp purchased a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 4th quarter valued at about $377,000.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Company Profile

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.