Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV – Get Free Report) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $45.40 and traded as high as $45.77. Direxion Daily 20+ Year Treasury Bear 3X ETF shares last traded at $45.72, with a volume of 1,316,151 shares changing hands.

Direxion Daily 20+ Year Treasury Bear 3X ETF Price Performance

The firm’s 50-day moving average is $45.40 and its 200 day moving average is $40.17.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bear 3X ETF

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF during the 3rd quarter worth $30,000. Royal Bank of Canada grew its holdings in Direxion Daily 20+ Year Treasury Bear 3X ETF by 38.0% in the first quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock valued at $166,000 after purchasing an additional 1,222 shares during the period. Simplex Trading LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF during the 3rd quarter worth $308,000. Adamsbrown Wealth Consultants LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bear 3X ETF during the second quarter worth about $371,000. Finally, Group One Trading LLC acquired a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF during the third quarter valued at approximately $423,000.

Direxion Daily 20+ Year Treasury Bear 3X ETF Company Profile

(Get Free Report)

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.

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