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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMVGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.51 and traded as high as $37.21. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $36.61, with a volume of 882,874 shares trading hands.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Down 0.8%

The stock has a fifty day simple moving average of $34.64 and a two-hundred day simple moving average of $36.51.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cim LLC boosted its stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 0.8% in the 3rd quarter. Cim LLC now owns 143,168 shares of the exchange traded fund’s stock valued at $5,017,000 after purchasing an additional 1,194 shares in the last quarter. Group One Trading LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 3rd quarter valued at approximately $75,000. Atlantic Union Bankshares Corp acquired a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the second quarter valued at approximately $111,000. Creative Planning bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the second quarter worth $236,000. Finally, Simplex Trading LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the second quarter worth $469,000.

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

(Get Free Report)

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.

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