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

Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV – Get Free Report) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $20.63 and traded as high as $21.58. Direxion Daily Real Estate Bear 3X ETF shares last traded at $20.76, with a volume of 134,396 shares.

Direxion Daily Real Estate Bear 3X ETF Price Performance

The stock has a fifty day moving average price of $20.69 and a two-hundred day moving average price of $19.70.

About Direxion Daily Real Estate Bear 3X ETF

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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.

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