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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.60 and traded as high as $39.13. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $38.94, with a volume of 658,344 shares trading hands.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Up 0.1%

The business has a fifty day moving average price of $38.16 and a 200-day moving average price of $36.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Group One Trading LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the third quarter worth approximately $75,000. Royal Bank of Canada raised its stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 38.0% during the first quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock worth $166,000 after acquiring an additional 1,222 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the fourth quarter worth approximately $208,000. Creative Planning purchased a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter worth $236,000. Finally, Virtu Financial LLC raised its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% in the 4th quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock worth $613,000 after purchasing an additional 1,785 shares during the period.

Direxion Daily 20+ Year Treasury Bear 3x Shares Company Profile

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.