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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.15 and traded as low as $35.77. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $35.95, with a volume of 878,755 shares.

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

The stock’s fifty day moving average is $36.09 and its two-hundred day moving average is $36.15.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp bought a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter valued at $111,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the second quarter valued at $469,000. Snider Financial Group acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the second quarter valued at $1,847,000. Group One Trading LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the third quarter valued at about $75,000. Finally, Prelude Capital Management LLC lifted its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% in the third quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock worth $2,812,000 after purchasing an additional 72,650 shares during the period.

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. The Index constituent bonds are weighted by their relative amounts outstanding.