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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.41 and traded as high as $42.82. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $42.49, with a volume of 1,534,948 shares traded.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Performance

The firm has a 50-day moving average of $37.87 and a 200-day moving average of $37.41.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bear 3x Shares

Several institutional investors have recently added to or reduced their stakes in the company. MADDEN SECURITIES Corp purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth approximately $377,000. Hollencrest Capital Management purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth approximately $73,000. Jump Financial LLC boosted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 401.3% in the 4th 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 period. IMC Chicago LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth approximately $1,539,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth approximately $12,153,000.

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.