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

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $36.91 and traded as high as $38.52. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $38.09, with a volume of 514,887 shares.

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

The business’s 50 day simple moving average is $38.34 and its 200-day simple moving average is $36.91.

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

Several hedge funds have recently modified their holdings of TMV. Creative Planning acquired a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter worth approximately $236,000. Group One Trading LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 3rd quarter worth approximately $75,000. Cim LLC boosted its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 0.8% during the 3rd quarter. Cim LLC now owns 143,168 shares of the exchange traded fund’s stock worth $5,017,000 after buying an additional 1,194 shares during the period. Prelude Capital Management LLC boosted its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% during the 3rd quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock worth $2,812,000 after buying an additional 72,650 shares during the period. Finally, Composition Wealth LLC acquired a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 4th quarter worth approximately $1,482,000.

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.