Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Stock Pass Above 50 Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $23.23 and traded as high as $26.64. Direxion Daily Real Estate Bear 3X Shares shares last traded at $26.51, with a volume of 95,449 shares.

Direxion Daily Real Estate Bear 3X Shares Price Performance

The business has a 50-day simple moving average of $23.23 and a two-hundred day simple moving average of $24.63.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

Several institutional investors have recently modified their holdings of the company. Group One Trading LLC boosted its stake in Direxion Daily Real Estate Bear 3X Shares by 21.8% during the third quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock valued at $106,000 after buying an additional 800 shares in the last quarter. Virtu Financial LLC grew its holdings in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after acquiring an additional 5,614 shares during the period. J. Safra Sarasin Holding AG bought a new stake in Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth about $265,000. Finally, Quadrature Capital Ltd bought a new stake in Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth about $335,000.

About Direxion Daily Real Estate Bear 3X Shares

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.