Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Below 200 Day Moving Average – Should You Sell?

Shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The stock’s 50 day simple moving average is $18.48 and its two-hundred day simple moving average is $20.81.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Group One Trading LLC raised its position in shares of Direxion Daily Real Estate Bear 3X Shares by 106.9% in the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after buying an additional 1,892 shares during the period. Quadrature Capital Ltd acquired a new stake in Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth about $335,000. Finally, Virtu Financial LLC increased its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after acquiring an additional 5,614 shares during the last quarter.

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.