Shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV – Get Free Report) 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 Stock Performance
The business’s 50 day simple moving average is $18.69 and its 200-day simple moving average is $21.13.
Institutional Trading of Direxion Daily Real Estate Bear 3X Shares
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC increased its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock valued at $994,000 after acquiring an additional 5,614 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth $335,000. J. Safra Sarasin Holding AG acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the 4th quarter valued at $265,000. Finally, Group One Trading LLC boosted its holdings in shares of Direxion Daily Real Estate Bear 3X Shares by 21.8% in 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 in the last quarter.
Direxion Daily Real Estate Bear 3X Shares Company Profile
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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