Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Pass Above 200 Day Moving Average – Should You Sell?

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.24 and traded as high as $36.68. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $36.57, with a volume of 1,396,605 shares traded.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Performance

The stock has a 50 day moving average of $35.83 and a 200-day moving average of $36.24.

Institutional Trading of Direxion Daily 20+ Year Treasury Bear 3x Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Group One Trading LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 3rd quarter valued at $75,000. Atlantic Union Bankshares Corp purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter worth $111,000. Creative Planning purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter worth $236,000. Simplex Trading LLC bought a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the second quarter valued at about $469,000. Finally, Snider Financial Group purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the second quarter valued at about $1,847,000.

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.