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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.37 and traded as high as $38.29. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $38.05, with a volume of 889,752 shares traded.

Direxion Daily 20+ Year Treasury Bear 3x Shares Stock Up 2.5%

The business has a 50 day moving average price of $36.06 and a 200 day moving average price of $35.37.

Institutional Trading of Direxion Daily 20+ Year Treasury Bear 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the company. IMC Chicago LLC lifted its stake 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 worth $5,732,000 after buying an additional 98,954 shares in the last quarter. Cim LLC raised its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 2.1% in the 4th quarter. Cim LLC now owns 146,214 shares of the exchange traded fund’s stock worth $5,433,000 after acquiring an additional 3,046 shares during the last quarter. Prelude Capital Management LLC lifted its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% in the 3rd quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock valued at $2,812,000 after acquiring 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 valued at $1,482,000. Finally, Simplex Trading LLC purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter valued at $1,102,000.

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