Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Price Pass Above 200-Day Moving Average – Should You Sell?

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.09 and traded as high as $40.00. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $39.83, with a volume of 1,216,173 shares changing hands.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Trading Down 0.6%

The company has a fifty day moving average of $37.09 and a 200-day moving average of $37.09.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TMV. IMC Chicago LLC purchased a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 4th quarter valued at about $1,539,000. MADDEN SECURITIES Corp bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the fourth quarter valued at approximately $377,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the fourth quarter valued at approximately $12,153,000. Hollencrest Capital Management bought a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares during the fourth quarter worth $73,000. Finally, Jump Financial LLC boosted its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 401.3% in the fourth quarter. Jump Financial LLC now owns 139,261 shares of the exchange traded fund’s stock worth $5,533,000 after purchasing an additional 111,482 shares during the last quarter.

Direxion Daily 20 Year Plus 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.