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

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $27.88 and traded as high as $28.13. Direxion Daily Real Estate Bear 3X Shares shares last traded at $27.54, with a volume of 209,440 shares changing hands.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The stock’s 50-day moving average is $27.88 and its 200-day moving average is $27.31.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the 4th quarter valued at approximately $28,000. Walleye Capital LLC bought a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the 4th quarter valued at approximately $203,000. Finally, Virtu Financial LLC grew its stake in shares of Direxion Daily Real Estate Bear 3X Shares by 184.5% in the 4th quarter. Virtu Financial LLC now owns 50,585 shares of the company’s stock valued at $1,491,000 after purchasing an additional 32,804 shares during the period.

About Direxion Daily Real Estate Bear 3X Shares

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.