Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Share Price Pass Above 200-Day Moving Average – Should You Sell?

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.25 and traded as high as $37.56. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $36.84, with a volume of 4,558,681 shares changing hands.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Trading Up 1.0 %

The business has a 50-day moving average of $31.80 and a 200 day moving average of $33.25.

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

A number of hedge funds have recently bought and sold shares of the company. Cim LLC increased its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 1.4% during the second quarter. Cim LLC now owns 135,660 shares of the exchange traded fund’s stock valued at $4,869,000 after acquiring an additional 1,900 shares during the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the second quarter valued at about $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 second quarter valued at about $32,000. Finally, Jane Street Group LLC grew its holdings in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 21,447.8% during the first quarter. Jane Street Group LLC now owns 4,352,663 shares of the exchange traded fund’s stock valued at $145,771,000 after purchasing an additional 4,332,463 shares during the 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.