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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.25 and traded as high as $37.56. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $36.84, with a volume of 4,558,681 shares trading hands.

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

The firm’s 50 day moving average price is $31.80 and its 200-day moving average price is $33.19.

Institutional Investors Weigh In On Direxion Daily 20 Year Plus Treasury Bear 3x Shares

Several hedge funds have recently made changes to their positions in TMV. Jane Street Group LLC boosted its stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 21,447.8% during the first quarter. Jane Street Group LLC now owns 4,352,663 shares of the exchange traded fund’s stock worth $145,771,000 after buying an additional 4,332,463 shares in the last quarter. Cim LLC boosted its position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 2.2% during the 1st quarter. Cim LLC now owns 133,760 shares of the exchange traded fund’s stock valued at $4,480,000 after acquiring an additional 2,865 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the second quarter valued at about $32,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the second quarter worth about $1,562,000.

About Direxion Daily 20 Year Plus 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.