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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.30 and traded as high as $37.13. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $37.01, with a volume of 774,836 shares changing hands.

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

The firm has a 50-day moving average price of $35.65 and a 200-day moving average price of $36.27.

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

A number of institutional investors have recently made changes to their positions in the company. IMC Chicago LLC lifted its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 153.1% in the 3rd quarter. IMC Chicago LLC now owns 163,592 shares of the exchange traded fund’s stock valued at $5,732,000 after acquiring an additional 98,954 shares in the last quarter. Cim LLC increased its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 0.8% in the 3rd quarter. Cim LLC now owns 143,168 shares of the exchange traded fund’s stock worth $5,017,000 after purchasing an additional 1,194 shares in the last quarter. Prelude Capital Management LLC lifted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% during the third quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock valued at $2,812,000 after purchasing an additional 72,650 shares in the last quarter. Snider Financial Group purchased a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the second quarter valued at $1,847,000. Finally, Simplex Trading LLC bought a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter worth about $469,000.

About Direxion Daily 20+ Year 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. The Index constituent bonds are weighted by their relative amounts outstanding.