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

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.75 and traded as low as $18.99. Direxion Daily Real Estate Bear 3X Shares shares last traded at $19.90, with a volume of 166,224 shares changing hands.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The business has a 50 day moving average of $20.75 and a 200 day moving average of $23.20.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

A number of hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC raised its holdings in shares of Direxion Daily Real Estate Bear 3X Shares by 106.9% in the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after purchasing an additional 1,892 shares during the period. J. Safra Sarasin Holding AG purchased a new stake in shares of Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at about $265,000. Quadrature Capital Ltd purchased a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth approximately $335,000. Finally, Virtu Financial LLC increased its holdings 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 worth $994,000 after purchasing an additional 5,614 shares during the last quarter.

Direxion Daily Real Estate Bear 3X Shares 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.