Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Pass Above 200 Day Moving Average – What’s Next?

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.45 and traded as high as $41.46. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $41.40, with a volume of 342,761 shares trading hands.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Down 0.3%

The firm’s fifty day moving average price is $38.83 and its 200-day moving average price is $37.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TMV. Cim LLC raised its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 1.5% during the 1st quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock valued at $5,547,000 after purchasing an additional 2,265 shares during the last quarter. Prelude Capital Management LLC increased its stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% during the third quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock valued at $2,812,000 after buying an additional 72,650 shares during the period. Renaissance Technologies LLC bought a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the first quarter valued at approximately $1,984,000. Composition Wealth LLC bought a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the fourth quarter valued at approximately $1,482,000. Finally, Simplex Trading LLC purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the fourth quarter worth $1,102,000.

About Direxion Daily 20+ Year Treasury Bear 3x Shares

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. The Index constituent bonds are weighted by their relative amounts outstanding.