Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV) Shares Pass Above 200 Day Moving Average – Here’s Why

Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.06 and traded as high as $45.32. Direxion Daily 20+ Year Treasury Bear 3X ETF shares last traded at $44.55, with a volume of 1,435,892 shares.

Direxion Daily 20+ Year Treasury Bear 3X ETF Trading Down 0.7%

The firm’s 50-day moving average is $41.90 and its 200-day moving average is $39.13.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF in the 1st quarter worth approximately $1,984,000. Adamsbrown Wealth Consultants LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF during the second quarter valued at approximately $371,000. Cim LLC lifted its holdings in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 1.5% in the first quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock worth $5,547,000 after buying an additional 2,265 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 12.1% during the fourth quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 1,785 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Direxion Daily 20+ Year Treasury Bear 3X ETF by 38.0% during the first quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock valued at $166,000 after acquiring an additional 1,222 shares in the last quarter.

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

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.