Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Pass Below Fifty Day Moving Average – What’s Next?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $25.68 and traded as low as $23.10. Direxion Daily Real Estate Bear 3X Shares shares last traded at $23.16, with a volume of 222,889 shares.

Direxion Daily Real Estate Bear 3X Shares Price Performance

The company’s 50 day moving average price is $25.68 and its two-hundred day moving average price is $25.17.

Institutional Investors Weigh In On Direxion Daily Real Estate Bear 3X Shares

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC boosted its holdings in shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,662 shares of the company’s stock after buying an additional 1,892 shares during the quarter. Group One Trading LLC owned 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 as of its most recent SEC filing.

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.