Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.21 and traded as high as $20.12. Direxion Daily Real Estate Bear 3X Shares shares last traded at $20.08, with a volume of 75,259 shares.

Direxion Daily Real Estate Bear 3X Shares Stock Up 3.3%

The business has a fifty day moving average of $18.21 and a 200 day moving average of $19.98.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

A number of institutional investors and hedge funds have recently modified their holdings of DRV. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the 4th quarter valued at about $335,000. Group One Trading LLC boosted its stake in Direxion Daily Real Estate Bear 3X Shares by 21.8% during the 3rd quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock worth $106,000 after acquiring an additional 800 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after acquiring an additional 5,614 shares during the last quarter.

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.