Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Pass Below 50 Day Moving Average – What’s Next?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.64 and traded as low as $18.13. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.52, with a volume of 45,648 shares changing hands.

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

The business’s 50 day moving average is $19.64 and its 200-day moving average is $22.63.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Group One Trading LLC boosted its position 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 valued at $92,000 after acquiring an additional 1,892 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth $265,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter worth $335,000. Finally, Virtu Financial LLC increased its position in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after acquiring an additional 5,614 shares during the period.

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.