Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Shares Pass Below 200 Day Moving Average – Here’s Why

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.60 and traded as low as $17.57. Direxion Daily Real Estate Bear 3X Shares shares last traded at $17.63, with a volume of 219,767 shares trading hands.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The company’s 50-day moving average is $18.29 and its 200-day moving average is $20.60.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

Several institutional investors and hedge funds have recently bought and sold shares of DRV. Group One Trading LLC lifted its holdings in shares of Direxion Daily Real Estate Bear 3X Shares by 106.9% in the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after acquiring an additional 1,892 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Direxion Daily Real Estate Bear 3X Shares in the 4th quarter valued at about $335,000. Finally, Virtu Financial LLC lifted its position in shares of 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 in 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.