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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.63 and traded as high as $41.13. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $40.70, with a volume of 1,596,835 shares traded.

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

The stock’s fifty day moving average is $37.54 and its two-hundred day moving average is $33.63.

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

An institutional investor recently raised its position 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% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 52,208 shares of the exchange traded fund’s stock after purchasing an additional 8,686 shares during the period. Virtu Financial LLC owned about 0.72% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares worth $1,509,000 as of its most recent SEC filing.

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.