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

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.69 and traded as high as $38.51. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $38.48, with a volume of 1,668,264 shares trading hands.

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

The stock’s fifty day simple moving average is $34.61 and its 200-day simple moving average is $32.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares stock. Virtu Financial LLC purchased a new position in Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 43,522 shares of the exchange traded fund’s stock, valued at approximately $1,562,000. Virtu Financial LLC owned about 0.60% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares as of its most recent filing with the Securities and Exchange Commission.

About Direxion Daily 20 Year Plus Treasury Bear 3x Shares

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.