Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Stock Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $24.60 and traded as high as $26.38. Direxion Daily Real Estate Bear 3X Shares shares last traded at $26.35, with a volume of 159,596 shares traded.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The firm’s 50-day moving average is $24.62 and its two-hundred day moving average is $25.08.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC increased its position in shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,662 shares of the company’s stock after purchasing an additional 1,892 shares during the quarter. Group One Trading LLC owned approximately 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 as of its most recent filing with the SEC.

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.