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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.69 and traded as high as $38.51. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $38.48, with a volume of 1,668,264 shares traded.

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

The stock’s 50-day moving average price is $34.72 and its 200-day moving average price is $32.70.

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

A hedge fund recently bought a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares stock. Virtu Financial LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 43,522 shares of the exchange traded fund’s stock, valued at approximately $1,562,000. Virtu Financial LLC owned 0.60% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares as of its most recent filing with the Securities & Exchange Commission.

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.