Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Price Pass Below 200 Day Moving Average – Time to Sell?

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.15 and traded as low as $35.77. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $35.95, with a volume of 878,755 shares traded.

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

The stock has a 50-day moving average of $36.09 and a two-hundred day moving average of $36.15.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TMV. Snider Financial Group purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter valued at approximately $1,847,000. Simplex Trading LLC purchased a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter worth approximately $469,000. Atlantic Union Bankshares Corp acquired a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter valued at $111,000. Creative Planning purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the second quarter valued at $236,000. Finally, IMC Chicago LLC lifted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 153.1% in the third quarter. IMC Chicago LLC now owns 163,592 shares of the exchange traded fund’s stock valued at $5,732,000 after purchasing an additional 98,954 shares in the last quarter.

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.