Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

Direxion Daily 20+ Year Treasury Bear 3X ETF (NYSEARCA:TMV)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $39.98 and traded as high as $50.46. Direxion Daily 20+ Year Treasury Bear 3X ETF shares last traded at $49.89, with a volume of 1,406,417 shares changing hands.

Direxion Daily 20+ Year Treasury Bear 3X ETF Trading Up 1.3%

The company has a fifty day moving average price of $43.36 and a two-hundred day moving average price of $40.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC bought a new stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF during the second quarter worth $371,000. Cim LLC boosted its stake in Direxion Daily 20+ Year Treasury Bear 3X ETF by 1.5% in the 1st quarter. Cim LLC now owns 148,479 shares of the exchange traded fund’s stock worth $5,547,000 after purchasing an additional 2,265 shares during the period. Royal Bank of Canada increased its holdings in Direxion Daily 20+ Year Treasury Bear 3X ETF by 38.0% during the 1st quarter. Royal Bank of Canada now owns 4,436 shares of the exchange traded fund’s stock worth $166,000 after purchasing an additional 1,222 shares in the last quarter. Renaissance Technologies LLC bought a new position in Direxion Daily 20+ Year Treasury Bear 3X ETF during the 1st quarter worth about $1,984,000. Finally, Virtu Financial LLC raised its stake in shares of Direxion Daily 20+ Year Treasury Bear 3X ETF by 12.1% in the 4th quarter. Virtu Financial LLC now owns 16,503 shares of the exchange traded fund’s stock valued at $613,000 after purchasing an additional 1,785 shares during the period.

About Direxion Daily 20+ Year Treasury Bear 3X ETF

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. The Index constituent bonds are weighted by their relative amounts outstanding.