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)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.45 and traded as low as $18.33. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.34, with a volume of 52,582 shares traded.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The stock’s 50-day moving average is $19.45 and its 200-day moving average is $22.28.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Group One Trading LLC lifted its position in Direxion Daily Real Estate Bear 3X Shares by 21.8% in the 3rd quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock valued at $106,000 after acquiring an additional 800 shares in the last quarter. Virtu Financial LLC increased its holdings in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after purchasing an additional 5,614 shares in the last quarter. J. Safra Sarasin Holding AG bought a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth approximately $265,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth approximately $335,000.

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.