Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) Stock Price Cross Above 200-Day Moving Average – Here’s What Happened

Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.40 and traded as high as $41.25. Direxion Daily 20 Year Plus Treasury Bear 3x Shares shares last traded at $40.75, with a volume of 2,378,497 shares.

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

The firm has a 50 day moving average of $36.92 and a two-hundred day moving average of $33.40.

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 bought a new position in shares of Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 43,522 shares of the exchange traded fund’s stock, valued at approximately $1,562,000. Virtu Financial LLC owned approximately 0.60% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares as of its most recent SEC filing.

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.