Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Share Price Cross Above 200 Day Moving Average – Here’s Why

Posted by Joseph Casey on Oct 24th, 2024

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $33.71 and traded as high as $34.79. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $34.50, with a volume of 1,879,016 shares traded.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Trading Down 1.7 %

The company has a 50-day moving average of $29.73 and a 200-day moving average of $33.70.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bear 3x Shares

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 21,447.8% in the first quarter. Jane Street Group LLC now owns 4,352,663 shares of the exchange traded fund’s stock valued at $145,771,000 after acquiring an additional 4,332,463 shares during the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the second quarter valued at approximately $1,562,000. LifeGuide Financial Advisors LLC bought a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the first quarter valued at $792,000. Cim LLC increased its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 2.2% in the first quarter. Cim LLC now owns 133,760 shares of the exchange traded fund’s stock worth $4,480,000 after buying an additional 2,865 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the second quarter valued at $32,000.

About Direxion Daily 20 Year Plus Treasury Bear 3x Shares

(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.