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

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 traded.

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

The business has a 50-day moving average of $37.10 and a two-hundred day moving average of $33.49.

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 raised its holdings in Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEARCA:TMV) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 135,660 shares of the exchange traded fund’s stock after buying an additional 1,900 shares during the quarter. Cim LLC owned about 1.87% of Direxion Daily 20 Year Plus Treasury Bear 3x Shares worth $4,869,000 at the end of the most recent reporting period.

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.