Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Shares Cross Above 200 Day Moving Average – What’s Next?

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.63 and traded as high as $41.13. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $40.70, with a volume of 1,596,835 shares trading hands.

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

The stock’s 50 day moving average price is $37.61 and its 200 day moving average price is $33.67.

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

An institutional investor recently raised its position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares stock. Cim LLC increased its stake in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,660 shares of the exchange traded fund’s stock after acquiring an additional 1,900 shares during the quarter. Cim LLC owned approximately 1.87% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares worth $4,869,000 at the end of the most recent quarter.

Direxion Daily 20 Year Plus 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.