Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Stock Price Pass Above Fifty Day Moving Average – Should You Sell?

Shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.21 and traded as high as $20.12. Direxion Daily Real Estate Bear 3X Shares shares last traded at $20.08, with a volume of 75,259 shares traded.

Direxion Daily Real Estate Bear 3X Shares Trading Up 3.3%

The company has a fifty day simple moving average of $18.21 and a two-hundred day simple moving average of $19.98.

Institutional Investors Weigh In On Direxion Daily Real Estate Bear 3X Shares

A number of institutional investors and hedge funds have recently modified their holdings of DRV. Virtu Financial LLC boosted its stake in Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock valued at $994,000 after acquiring an additional 5,614 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter worth $335,000. Finally, Group One Trading LLC grew its holdings in Direxion Daily Real Estate Bear 3X Shares by 21.8% during the 3rd quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock worth $106,000 after acquiring an additional 800 shares during the period.

About Direxion Daily Real Estate Bear 3X Shares

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.