Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Share Price Cross Above 200 Day Moving Average – Should You Sell?

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.09 and traded as high as $40.00. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $39.83, with a volume of 1,216,173 shares traded.

Direxion Daily 20 Year Plus Treasury Bear 3x Shares Stock Down 0.6%

The stock’s fifty day simple moving average is $37.09 and its 200 day simple moving average is $37.10.

Institutional Trading of Direxion Daily 20 Year Plus Treasury Bear 3x Shares

A number of hedge funds have recently bought and sold shares of TMV. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 4th quarter valued at about $12,153,000. Jump Financial LLC raised its holdings in Direxion Daily 20 Year Plus Treasury Bear 3x Shares by 401.3% in the 4th quarter. Jump Financial LLC now owns 139,261 shares of the exchange traded fund’s stock valued at $5,533,000 after acquiring an additional 111,482 shares during the last quarter. IMC Chicago LLC acquired a new stake in Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 4th quarter valued at about $1,539,000. MADDEN SECURITIES Corp purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 4th quarter valued at approximately $377,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares in the 1st quarter valued at approximately $260,000.

About Direxion Daily 20 Year Plus 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.