Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Share Price Cross Above 200-Day Moving Average – Here’s Why

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.37 and traded as high as $38.29. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $38.05, with a volume of 889,752 shares changing hands.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Up 1.9%

The stock’s 50 day moving average price is $36.10 and its two-hundred day moving average price is $35.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. IMC Chicago LLC lifted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 153.1% during the 3rd quarter. IMC Chicago LLC now owns 163,592 shares of the exchange traded fund’s stock valued at $5,732,000 after buying an additional 98,954 shares during the last quarter. Cim LLC grew its stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 2.1% in the 4th quarter. Cim LLC now owns 146,214 shares of the exchange traded fund’s stock valued at $5,433,000 after buying an additional 3,046 shares in the last quarter. Composition Wealth LLC acquired a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the fourth quarter worth approximately $1,482,000. Virtu Financial LLC increased its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% in the fourth quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock worth $613,000 after buying an additional 1,785 shares during the last quarter. Finally, Group One Trading LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares during the third quarter valued at approximately $75,000.

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.