Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Above 50-Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.69 and traded as high as $26.37. Direxion Daily Real Estate Bear 3X Shares shares last traded at $25.98, with a volume of 102,155 shares traded.

Direxion Daily Real Estate Bear 3X Shares Stock Down 0.7%

The firm’s 50-day moving average price is $24.69 and its 200-day moving average price is $25.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC increased its position in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 21.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,462 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Group One Trading LLC owned 0.27% of Direxion Daily Real Estate Bear 3X Shares worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

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.