Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Share Price Cross Above 200-Day Moving Average – Here’s Why

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.43 and traded as high as $36.11. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $35.31, with a volume of 4,345,965 shares traded.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Price Performance

The stock has a 50 day moving average price of $30.98 and a two-hundred day moving average price of $33.44.

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

Hedge funds have recently added to or reduced their stakes in the business. Cim LLC lifted its position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 1.4% in the second quarter. Cim LLC now owns 135,660 shares of the exchange traded fund’s stock worth $4,869,000 after purchasing an additional 1,900 shares in the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 2nd quarter valued at $1,562,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the 2nd quarter worth about $32,000. Finally, Jane Street Group LLC boosted its stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 21,447.8% during the 1st quarter. Jane Street Group LLC now owns 4,352,663 shares of the exchange traded fund’s stock worth $145,771,000 after buying an additional 4,332,463 shares during the last quarter.

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.