Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) Stock Jumps 0.1% – Still a Buy?

Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV)’s stock price traded up 0.1% during mid-day trading on Friday. The company traded as high as $18.39 and last traded at $18.16. 186,663 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 140,256 shares. The stock had previously closed at $18.15.

Direxion Daily Real Estate Bear 3X ETF Price Performance

The stock has a fifty day simple moving average of $20.86 and a 200-day simple moving average of $20.47.

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

A hedge fund recently bought a new stake in Direxion Daily Real Estate Bear 3X ETF stock. Group One Trading LLC bought a new stake in Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 2,597 shares of the company’s stock, valued at approximately $60,000. Group One Trading LLC owned 0.19% of Direxion Daily Real Estate Bear 3X ETF at the end of the most recent reporting period.

Direxion Daily Real Estate Bear 3X ETF 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.