Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Below 200 Day Moving Average – What’s Next?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.13 and traded as low as $16.54. Direxion Daily Real Estate Bear 3X Shares shares last traded at $16.82, with a volume of 151,964 shares trading hands.

Direxion Daily Real Estate Bear 3X Shares Trading Up 1.8%

The firm has a fifty day simple moving average of $18.66 and a 200-day simple moving average of $21.07.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

A number of hedge funds have recently made changes to their positions in the stock. Group One Trading LLC raised its holdings in 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 in the last quarter. J. Safra Sarasin Holding AG bought a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at $265,000. Quadrature Capital Ltd acquired a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth $335,000. Finally, Virtu Financial LLC grew its holdings in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after acquiring an additional 5,614 shares in the last quarter.

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.