Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Share Price Pass Above 200 Day Moving Average of $37.44

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.44 and traded as high as $38.19. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $38.18, with a volume of 2,511,228 shares changing hands.

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

The stock has a 50 day simple moving average of $34.92 and a 200-day simple moving average of $37.44.

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

Large investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the first quarter worth about $33,000. JPMorgan Chase & Co. purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the second quarter worth approximately $51,000. UBS Group AG lifted its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 2,403.7% during the third quarter. UBS Group AG now owns 676 shares of the exchange traded fund’s stock worth $90,000 after buying an additional 649 shares in the last quarter. Citigroup Inc. raised its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 53.4% in the first quarter. Citigroup Inc. now owns 1,371 shares of the exchange traded fund’s stock valued at $147,000 after purchasing an additional 477 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the fourth quarter valued at $43,000.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Company Profile

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.