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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMVGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.09 and traded as high as $40.00. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $39.83, with a volume of 1,216,173 shares.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Stock Down 0.6%

The business’s 50 day moving average is $37.09 and its 200 day moving average is $37.10.

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

A number of large investors have recently bought and sold shares of TMV. IMC Chicago LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the fourth quarter worth $1,539,000. MADDEN SECURITIES Corp purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the fourth quarter worth $377,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the fourth quarter worth $12,153,000. Hollencrest Capital Management purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the fourth quarter worth $73,000. Finally, Jump Financial LLC grew its holdings in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 401.3% in the fourth quarter. Jump Financial LLC now owns 139,261 shares of the exchange traded fund’s stock worth $5,533,000 after purchasing an additional 111,482 shares during the last quarter.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Company Profile

(Get Free Report)

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.

Further Reading

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