Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Shares Pass Above 200-Day Moving Average – Should You Sell?

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.40 and traded as high as $41.25. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $40.75, with a volume of 2,378,497 shares traded.

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

The stock’s 50 day simple moving average is $37.10 and its 200-day simple moving average is $33.49.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bear 3x Shares

An institutional investor recently raised its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares stock. Virtu Financial LLC grew its holdings in Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,208 shares of the exchange traded fund’s stock after acquiring an additional 8,686 shares during the period. Virtu Financial LLC owned about 0.72% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares worth $1,509,000 at the end of the most recent quarter.

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.