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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.62 and traded as high as $36.89. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $36.66, with a volume of 810,837 shares trading hands.

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

The company’s 50 day simple moving average is $36.10 and its 200 day simple moving average is $35.62.

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

Several hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC increased its stake in 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 during the last quarter. Cim LLC grew its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 2.1% during the fourth quarter. Cim LLC now owns 146,214 shares of the exchange traded fund’s stock worth $5,433,000 after purchasing an additional 3,046 shares during the last quarter. Prelude Capital Management LLC grew its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% during 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 last quarter. Composition Wealth LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the fourth quarter worth about $1,482,000. Finally, Simplex Trading LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the fourth quarter worth about $1,102,000.

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