Stock Traders Purchase High Volume of Call Options on Direxion Daily Real Estate Bear 3x Shares (NYSEARCA:DRV)

Direxion Daily Real Estate Bear 3x Shares (NYSEARCA:DRV) saw unusually large options trading on Monday. Stock traders bought 6,398 call options on the company. This is an increase of approximately 728% compared to the average volume of 773 call options.

A hedge fund recently raised its stake in Direxion Daily Real Estate Bear 3x Shares stock. Camden Capital LLC boosted its position in Direxion Daily Real Estate Bear 3x Shares (NYSEARCA:DRV) by 18.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,185 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Camden Capital LLC owned approximately 1.05% of Direxion Daily Real Estate Bear 3x Shares worth $201,000 as of its most recent filing with the SEC.

Shares of NYSEARCA DRV traded up $0.06 during mid-day trading on Monday, reaching $4.64. 1,239,555 shares of the company’s stock were exchanged, compared to its average volume of 193,654. The business has a fifty day simple moving average of $4.58 and a 200 day simple moving average of $5.79. Direxion Daily Real Estate Bear 3x Shares has a twelve month low of $4.05 and a twelve month high of $16.51.

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