Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Pass Below 50 Day Moving Average – Here’s What Happened

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $27.01 and traded as low as $24.75. Direxion Daily Real Estate Bear 3X Shares shares last traded at $25.39, with a volume of 68,565 shares changing hands.

Direxion Daily Real Estate Bear 3X Shares Trading Up 3.2%

The business’s fifty day moving average is $27.01 and its two-hundred day moving average is $27.42.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at about $28,000. Walleye Capital LLC purchased a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at about $203,000. Finally, Virtu Financial LLC increased its position in Direxion Daily Real Estate Bear 3X Shares by 184.5% during the 4th quarter. Virtu Financial LLC now owns 50,585 shares of the company’s stock valued at $1,491,000 after purchasing an additional 32,804 shares during the period.

Direxion Daily Real Estate Bear 3X Shares Company Profile

The Direxion Daily Real Estate Bear 3X Shares (DRV) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged inverse exposure to an index that captures large cap equities of the US real estate segment. DRV was launched on Jul 16, 2009 and is managed by Direxion.