Direxion Daily 20+ Year Treasury Bear 3X Shares (NYSEARCA:TMV) Share Price Pass Above 200-Day Moving Average of $30.37

Direxion Daily 20+ Year Treasury Bear 3X Shares (NYSEARCA:TMV)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.37 and traded as high as $37.78. Direxion Daily 20+ Year Treasury Bear 3X Shares shares last traded at $37.72, with a volume of 922,806 shares.

Direxion Daily 20+ Year Treasury Bear 3X Shares Stock Up 4.2 %

The business’s fifty day moving average price is $33.10 and its 200 day moving average price is $30.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Heritage Wealth Management LLC raised its holdings in Direxion Daily 20+ Year Treasury Bear 3X Shares by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 300 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. OLD Mission Capital LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3X Shares in the 4th quarter valued at approximately $31,000. Bank of America Corp DE bought a new position in Direxion Daily 20+ Year Treasury Bear 3X Shares in the 1st quarter valued at approximately $33,000. Citigroup Inc. raised its holdings in Direxion Daily 20+ Year Treasury Bear 3X Shares by 53.4% in the 1st quarter. Citigroup Inc. now owns 1,371 shares of the exchange traded fund’s stock valued at $147,000 after buying an additional 477 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in Direxion Daily 20+ Year Treasury Bear 3X Shares in the 2nd quarter valued at approximately $51,000.

Direxion Daily 20+ Year Treasury Bear 3X Shares Company Profile

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.