Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Stock Pass Below 50 Day Moving Average – Should You Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.75 and traded as low as $18.99. Direxion Daily Real Estate Bear 3X Shares shares last traded at $19.90, with a volume of 166,224 shares.

Direxion Daily Real Estate Bear 3X Shares Trading Down 0.3%

The company has a fifty day moving average of $20.44 and a 200 day moving average of $23.08.

Institutional Investors Weigh In On Direxion Daily Real Estate Bear 3X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DRV. Group One Trading LLC increased its holdings in shares of Direxion Daily Real Estate Bear 3X Shares by 106.9% in the second quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock valued at $92,000 after buying an additional 1,892 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth approximately $265,000. Quadrature Capital Ltd purchased a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth approximately $335,000. Finally, Virtu Financial LLC grew its position in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after purchasing an additional 5,614 shares in the last quarter.

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.