Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Pass Below 200-Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.83 and traded as low as $17.29. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.17, with a volume of 84,714 shares.

Direxion Daily Real Estate Bear 3X Shares Stock Up 2.5%

The stock has a 50 day moving average price of $18.52 and a 200 day moving average price of $20.83.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

Several large investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth $335,000. Virtu Financial LLC increased its holdings in Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock valued at $994,000 after purchasing an additional 5,614 shares during the period. Finally, Group One Trading LLC increased its holdings in 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 purchasing an additional 1,892 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.