Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Share Price Cross Above 200 Day Moving Average – Here’s What Happened

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.40 and traded as high as $35.66. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $35.64, with a volume of 1,205,857 shares traded.

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

The firm’s 50-day moving average price is $35.86 and its 200-day moving average price is $35.40.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bear 3x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IMC Chicago LLC grew its position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 153.1% in the third quarter. IMC Chicago LLC now owns 163,592 shares of the exchange traded fund’s stock valued at $5,732,000 after purchasing an additional 98,954 shares in the last quarter. Prelude Capital Management LLC lifted its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% during the 3rd 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 in the last quarter. Composition Wealth LLC purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter worth about $1,482,000. Simplex Trading LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 4th quarter worth about $1,102,000. Finally, Group One Trading LLC boosted its position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 977.4% in the fourth quarter. Group One Trading LLC now owns 22,937 shares of the exchange traded fund’s stock valued at $852,000 after acquiring an additional 20,808 shares during the period.

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