Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.29 and traded as high as $40.47. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $39.86, with a volume of 353,532 shares.
Direxion Daily 20+ Year Treasury Bear 3x Shares Price Performance
The company’s 50-day simple moving average is $38.65 and its 200-day simple moving average is $37.29.
Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bear 3x Shares
A number of hedge funds have recently modified their holdings of TMV. Cim LLC raised its position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 1.5% during the first quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock worth $5,547,000 after purchasing an additional 2,265 shares during the period. Prelude Capital Management LLC boosted its position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% in the 3rd quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock valued at $2,812,000 after purchasing an additional 72,650 shares during the period. Renaissance Technologies LLC purchased a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 1st quarter worth about $1,984,000. Composition Wealth LLC purchased a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth about $1,482,000. Finally, Simplex Trading LLC purchased a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth about $1,102,000.
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.
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