Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Below Fifty Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.64 and traded as low as $18.13. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.52, with a volume of 45,648 shares changing hands.

Direxion Daily Real Estate Bear 3X Shares Stock Up 0.7%

The company has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $22.63.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

Several large investors have recently made changes to their positions in the business. Group One Trading LLC lifted its position in shares of Direxion Daily Real Estate Bear 3X Shares by 106.9% during the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock valued at $92,000 after acquiring an additional 1,892 shares during the last quarter. J. Safra Sarasin Holding AG purchased a new position in shares of Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at $265,000. Quadrature Capital Ltd purchased a new position in Direxion Daily Real Estate Bear 3X Shares in the fourth quarter valued at about $335,000. Finally, Virtu Financial LLC increased its holdings in Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after buying an additional 5,614 shares during the last quarter.

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.