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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.77 and traded as high as $35.00. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $34.82, with a volume of 1,123,076 shares changing hands.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Stock Down 3.3 %

The company has a fifty day moving average price of $38.41 and a two-hundred day moving average price of $34.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the fourth quarter valued at about $73,000. Cim LLC boosted its holdings in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 2.3% in the 4th quarter. Cim LLC now owns 139,881 shares of the exchange traded fund’s stock valued at $5,557,000 after purchasing an additional 3,208 shares in the last quarter. Virtu Financial LLC boosted its holdings 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 purchasing an additional 8,686 shares in the last quarter. MADDEN SECURITIES Corp acquired a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 4th quarter worth approximately $377,000. Finally, IMC Chicago LLC purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 4th quarter worth approximately $1,539,000.

About Direxion Daily 20 Year Plus 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.