Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Stock Cross Below 200 Day Moving Average – Here’s What Happened

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.87 and traded as low as $17.98. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.31, with a volume of 289,514 shares.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The firm’s 50-day simple moving average is $19.19 and its two-hundred day simple moving average is $21.82.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the business. Group One Trading LLC raised its position in Direxion Daily Real Estate Bear 3X Shares by 106.9% during the second quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock valued at $92,000 after buying an additional 1,892 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth about $265,000. Quadrature Capital Ltd acquired a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth about $335,000. Finally, Virtu Financial LLC grew its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock valued at $994,000 after acquiring an additional 5,614 shares in the last quarter.

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.