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

Shares of Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.01 and traded as high as $38.06. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $37.64, with a volume of 1,166,306 shares.

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

The company has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $36.01.

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

Hedge funds have recently added to or reduced their stakes in the business. Cim LLC raised its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 0.8% during the third quarter. Cim LLC now owns 143,168 shares of the exchange traded fund’s stock worth $5,017,000 after acquiring an additional 1,194 shares during the last quarter. Group One Trading LLC purchased a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 3rd quarter worth approximately $75,000. Atlantic Union Bankshares Corp acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter worth approximately $111,000. Creative Planning purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter valued at approximately $236,000. Finally, Simplex Trading LLC purchased a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter valued at approximately $469,000.

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.