Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Pass Above 200 Day Moving Average – Here’s Why

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.03 and traded as high as $40.14. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $39.39, with a volume of 729,587 shares traded.

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

The stock’s 50-day simple moving average is $39.42 and its two-hundred day simple moving average is $38.03.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cim LLC grew its stake in Direxion Daily 20+ Year Treasury Bear 3x Shares by 1.6% in the 1st quarter. Cim LLC now owns 142,138 shares of the exchange traded fund’s stock worth $4,938,000 after acquiring an additional 2,257 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the first quarter worth approximately $260,000. MADDEN SECURITIES Corp grew its stake in Direxion Daily 20+ Year Treasury Bear 3x Shares by 36.8% in the first quarter. MADDEN SECURITIES Corp now owns 13,000 shares of the exchange traded fund’s stock worth $452,000 after purchasing an additional 3,500 shares in the last quarter. Jump Financial LLC grew its stake in Direxion Daily 20+ Year 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 in the last quarter. Finally, Hollencrest Capital Management bought a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter worth $73,000.

About Direxion Daily 20+ Year Treasury Bear 3x Shares

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.