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

Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.46 and traded as high as $20.92. Direxion Daily Real Estate Bear 3X ETF shares last traded at $20.76, with a volume of 151,580 shares changing hands.

Direxion Daily Real Estate Bear 3X ETF Stock Up 3.1%

The company has a 50 day moving average price of $18.51 and a 200-day moving average price of $19.97.

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

A hedge fund recently raised its stake in Direxion Daily Real Estate Bear 3X ETF stock. Virtu Financial LLC grew its stake in shares of Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,463 shares of the company’s stock after buying an additional 5,614 shares during the quarter. Virtu Financial LLC owned about 2.37% of Direxion Daily Real Estate Bear 3X ETF worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

About Direxion Daily Real Estate Bear 3X ETF

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.