Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $23.10 and traded as high as $24.25. Direxion Daily Real Estate Bear 3X Shares shares last traded at $23.84, with a volume of 178,933 shares.

Direxion Daily Real Estate Bear 3X Shares Trading Up 0.7%

The firm has a 50-day moving average of $23.10 and a 200 day moving average of $24.57.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

Institutional investors have recently made changes to their positions in the stock. Group One Trading LLC grew its stake in shares of Direxion Daily Real Estate Bear 3X Shares by 106.9% in the second quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after acquiring an additional 1,892 shares during the period. Quadrature Capital Ltd bought a new position in Direxion Daily Real Estate Bear 3X Shares during the fourth quarter valued at approximately $335,000. Virtu Financial LLC boosted its holdings in Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after purchasing an additional 5,614 shares during the last quarter. Finally, J. Safra Sarasin Holding AG purchased a new stake in Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth approximately $265,000.

About Direxion Daily Real Estate Bear 3X Shares

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.