Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Pass Above 200 Day Moving Average – Should You Sell?

Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSEARCA:TMV)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.51 and traded as high as $37.21. Direxion Daily 20+ Year Treasury Bear 3x Shares shares last traded at $36.61, with a volume of 882,874 shares traded.

Direxion Daily 20+ Year Treasury Bear 3x Shares Price Performance

The firm has a 50 day moving average of $34.69 and a two-hundred day moving average of $36.51.

Institutional Investors Weigh In On Direxion Daily 20+ Year Treasury Bear 3x Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new position in Direxion Daily 20+ Year Treasury Bear 3x Shares in the 2nd quarter valued at approximately $111,000. Simplex Trading LLC acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter valued at $469,000. Snider Financial Group bought a new stake in Direxion Daily 20+ Year Treasury Bear 3x Shares during the 2nd quarter worth $1,847,000. Cim LLC grew its position in Direxion Daily 20+ Year Treasury Bear 3x Shares by 1.6% during the 1st quarter. Cim LLC now owns 142,138 shares of the exchange traded fund’s stock worth $4,938,000 after acquiring an additional 2,257 shares during the last quarter. Finally, Prelude Capital Management LLC increased its holdings in Direxion Daily 20+ Year Treasury Bear 3x Shares by 957.2% in the 3rd quarter. Prelude Capital Management LLC now owns 80,240 shares of the exchange traded fund’s stock worth $2,812,000 after purchasing an additional 72,650 shares in the last quarter.

Direxion Daily 20+ Year Treasury Bear 3x Shares Company Profile

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bear 3x Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the NYSE 20 Year Plus Treasury Bond Index (the Index). The Index is a multiple-security fixed income index that aims to track the total returns of the long-term 20-year and greater maturity range of the United States Treasury bond market. The Index constituent bonds are weighted by their relative amounts outstanding.