Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Below 50-Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $19.64 and traded as low as $18.13. Direxion Daily Real Estate Bear 3X Shares shares last traded at $18.52, with a volume of 45,648 shares.

Direxion Daily Real Estate Bear 3X Shares Price Performance

The stock’s 50-day simple moving average is $19.54 and its 200 day simple moving average is $22.54.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

Large investors have recently bought and sold shares of the business. Group One Trading LLC lifted its holdings in Direxion Daily Real Estate Bear 3X Shares by 106.9% during the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after buying an additional 1,892 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth about $265,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth about $335,000. Finally, Virtu Financial LLC lifted its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% during the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after purchasing 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.