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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.35 and traded as high as $41.53. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $41.31, with a volume of 889,418 shares trading hands.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Up 1.2%

The company’s 50 day simple moving average is $40.44 and its two-hundred day simple moving average is $38.37.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bear 3x Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Adamsbrown Wealth Consultants LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the second quarter valued at about $371,000. Cim LLC grew its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 1.5% during the 1st quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock worth $5,547,000 after purchasing an additional 2,265 shares during the last quarter. Royal Bank of Canada increased its stake in Direxion Daily 20+ Year Treasury Bear 3x Shares by 38.0% during the 1st quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock valued at $166,000 after purchasing an additional 1,222 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the first quarter worth $1,984,000. Finally, Virtu Financial LLC grew its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% during the fourth quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock valued at $613,000 after buying an additional 1,785 shares during the last quarter.

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.