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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.37 and traded as high as $37.38. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $37.37, with a volume of 943,424 shares changing hands.

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

The business’s 50-day moving average price is $35.88 and its 200 day moving average price is $35.37.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bear 3x Shares

A number of institutional investors have recently added to or reduced their stakes in TMV. Virtu Financial LLC boosted its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% in the 4th 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. Cim LLC increased its position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 2.1% during the fourth quarter. Cim LLC now owns 146,214 shares of the exchange traded fund’s stock worth $5,433,000 after acquiring an additional 3,046 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the fourth quarter worth about $614,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the fourth quarter worth about $208,000. Finally, Group One Trading LLC lifted its stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 977.4% in the fourth quarter. Group One Trading LLC now owns 22,937 shares of the exchange traded fund’s stock worth $852,000 after acquiring an additional 20,808 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.