Shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV – Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.75 and traded as low as $18.99. Direxion Daily Real Estate Bear 3X Shares shares last traded at $19.90, with a volume of 166,224 shares.
Direxion Daily Real Estate Bear 3X Shares Trading Up 4.5%
The firm has a fifty day simple moving average of $20.75 and a 200-day simple moving average of $23.20.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC grew its position in shares of Direxion Daily Real Estate Bear 3X Shares by 17.6% in 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. Quadrature Capital Ltd acquired a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at approximately $335,000. J. Safra Sarasin Holding AG acquired a new position in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at approximately $265,000. Finally, Group One Trading LLC boosted its position in Direxion Daily Real Estate Bear 3X Shares by 21.8% during the 3rd quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock valued at $106,000 after purchasing an additional 800 shares during the period.
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.
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