Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $20.28 and traded as high as $22.63. Direxion Daily Real Estate Bear 3X ETF shares last traded at $22.38, with a volume of 169,875 shares traded.

Direxion Daily Real Estate Bear 3X ETF Price Performance

The stock has a fifty day moving average of $20.34 and a two-hundred day moving average of $19.81.

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

A hedge fund recently raised its position in Direxion Daily Real Estate Bear 3X ETF stock. Virtu Financial LLC grew its holdings in shares of Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) by 17.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,463 shares of the company’s stock after acquiring an additional 5,614 shares during the period. Virtu Financial LLC owned about 2.37% of Direxion Daily Real Estate Bear 3X ETF worth $994,000 as of its most recent SEC filing.

Direxion Daily Real Estate Bear 3X ETF 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.