Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Below Fifty Day Moving Average – Here’s What Happened

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $22.34 and traded as low as $20.00. Direxion Daily Real Estate Bear 3X Shares shares last traded at $20.68, with a volume of 137,698 shares.

Direxion Daily Real Estate Bear 3X Shares Stock Up 2.4%

The business has a fifty day moving average of $22.34 and a two-hundred day moving average of $24.25.

Institutional Investors Weigh In On Direxion Daily Real Estate Bear 3X Shares

Several large investors have recently bought and sold shares of the company. Group One Trading LLC increased its stake in Direxion Daily Real Estate Bear 3X Shares by 21.8% during the 3rd quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock worth $106,000 after buying an additional 800 shares in the last quarter. Virtu Financial LLC increased its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after buying an additional 5,614 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth approximately $265,000. Finally, Quadrature Capital Ltd purchased a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth approximately $335,000.

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.