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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.40 and traded as high as $41.25. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $40.75, with a volume of 2,378,497 shares.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Stock Down 5.1 %

The firm has a fifty day simple moving average of $36.92 and a two-hundred day simple moving average of $33.40.

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

A hedge fund recently raised its stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares stock. Virtu Financial LLC boosted its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) by 20.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,208 shares of the exchange traded fund’s stock after acquiring an additional 8,686 shares during the period. Virtu Financial LLC owned 0.72% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares worth $1,509,000 at the end of the most recent reporting period.

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.