Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.21 and traded as high as $20.12. Direxion Daily Real Estate Bear 3X ETF shares last traded at $20.08, with a volume of 75,259 shares traded.

Direxion Daily Real Estate Bear 3X ETF Stock Down 2.2%

The stock has a 50 day simple moving average of $18.29 and a 200 day simple moving average of $19.97.

Institutional Trading of Direxion Daily Real Estate Bear 3X ETF

Several hedge funds have recently made changes to their positions in DRV. Group One Trading LLC grew its stake in Direxion Daily Real Estate Bear 3X ETF by 106.9% during the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after buying an additional 1,892 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Direxion Daily Real Estate Bear 3X ETF in the fourth quarter worth $335,000. Finally, Virtu Financial LLC increased its position in Direxion Daily Real Estate Bear 3X ETF by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after buying an additional 5,614 shares during the period.

Direxion Daily Real Estate Bear 3X ETF 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.