Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.71 and traded as low as $23.83. Direxion Daily Real Estate Bear 3X Shares shares last traded at $23.98, with a volume of 86,128 shares traded.

Direxion Daily Real Estate Bear 3X Shares Trading Down 1.7%

The stock’s 50-day simple moving average is $24.71 and its two-hundred day simple moving average is $25.77.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC boosted its position in shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,662 shares of the company’s stock after acquiring an additional 1,892 shares during the period. Group One Trading LLC owned 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 at the end of the most recent quarter.

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.