Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Price Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.37 and traded as high as $38.29. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $38.05, with a volume of 889,752 shares.

Direxion Daily 20+ Year Treasury Bear 3x Shares Trading Up 2.5%

The business has a fifty day moving average price of $36.06 and a 200-day moving average price of $35.37.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 12.1% during the 4th quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 1,785 shares during the last quarter. Cim LLC raised its holdings 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 valued at $5,433,000 after purchasing an additional 3,046 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the fourth quarter valued at approximately $614,000. Headlands Technologies LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares during the fourth quarter valued at approximately $208,000. Finally, Group One Trading LLC lifted its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 977.4% during the fourth quarter. Group One Trading LLC now owns 22,937 shares of the exchange traded fund’s stock valued at $852,000 after purchasing an additional 20,808 shares during the period.

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.