Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Pass Above 200 Day Moving Average – Time to Sell?

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMVGet Free Report)’s stock 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 traded.

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

The stock has a 50-day simple moving average of $31.80 and a 200 day simple moving average of $33.19.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in 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 valued at $145,771,000 after purchasing an additional 4,332,463 shares during the period. Cim LLC raised its stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 2.2% during the first quarter. Cim LLC now owns 133,760 shares of the exchange traded fund’s stock worth $4,480,000 after buying an additional 2,865 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the second quarter valued at approximately $32,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the second quarter valued at approximately $1,562,000.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Company Profile

(Get Free Report)

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.

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