Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Pass Below 50-Day Moving Average – Here’s Why

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $26.17 and traded as low as $25.79. Direxion Daily Real Estate Bear 3X Shares shares last traded at $26.28, with a volume of 64,450 shares trading hands.

Direxion Daily Real Estate Bear 3X Shares Trading Down 0.2%

The firm has a fifty day moving average price of $26.17 and a 200 day moving average price of $25.18.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

A hedge fund recently raised its stake in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC boosted its holdings in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,662 shares of the company’s stock after acquiring an additional 1,892 shares during the period. Group One Trading LLC owned 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 at the end of the most recent reporting period.

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.