Shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.83 and traded as low as $17.29. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.17, with a volume of 84,714 shares trading hands.
Direxion Daily Real Estate Bear 3X Shares Stock Performance
The stock has a 50-day moving average price of $18.52 and a 200-day moving average price of $20.83.
Institutional Trading of Direxion Daily Real Estate Bear 3X Shares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC lifted 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 purchasing an additional 5,614 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth $335,000. Finally, Group One Trading LLC increased its position in shares of Direxion Daily Real Estate Bear 3X Shares by 21.8% during the third quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock worth $106,000 after buying an additional 800 shares during the period.
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.
Recommended Stories
- Five stocks we like better than Direxion Daily Real Estate Bear 3X Shares
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for Direxion Daily Real Estate Bear 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Real Estate Bear 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
