Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Cross Above 50-Day Moving Average – What’s Next?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $26.78 and traded as high as $27.07. Direxion Daily Real Estate Bear 3X Shares shares last traded at $26.35, with a volume of 173,605 shares traded.

Direxion Daily Real Estate Bear 3X Shares Stock Down 1.6 %

The firm has a 50 day moving average price of $26.72 and a 200-day moving average price of $26.29.

Direxion Daily Real Estate Bear 3X Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.2771 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DRV. Virtu Financial LLC increased its position in Direxion Daily Real Estate Bear 3X Shares by 184.5% during the fourth quarter. Virtu Financial LLC now owns 50,585 shares of the company’s stock worth $1,491,000 after purchasing an additional 32,804 shares during the last quarter. Walleye Capital LLC purchased a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth $203,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at approximately $28,000.

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.