Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Below 200 Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.21 and traded as low as $24.66. Direxion Daily Real Estate Bear 3X Shares shares last traded at $24.79, with a volume of 162,097 shares changing hands.

Direxion Daily Real Estate Bear 3X Shares Stock Down 2.3 %

The business has a fifty day moving average of $28.16 and a 200 day moving average of $26.17.

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

A number of hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth approximately $28,000. Walleye Capital LLC bought a new stake in Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth approximately $203,000. Finally, Virtu Financial LLC boosted its position in Direxion Daily Real Estate Bear 3X Shares by 184.5% during the fourth quarter. Virtu Financial LLC now owns 50,585 shares of the company’s stock worth $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.