Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Share Price Cross Below 200 Day Moving Average – Time to Sell?

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.21 and traded as low as $24.66. Direxion Daily Real Estate Bear 3X Shares shares last traded at $24.79, with a volume of 162,097 shares traded.

Direxion Daily Real Estate Bear 3X Shares Price Performance

The firm has a 50-day moving average price of $28.16 and a two-hundred day moving average price of $26.17.

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

Several hedge funds have recently modified their holdings of DRV. Virtu Financial LLC boosted its position in shares of Direxion Daily Real Estate Bear 3X Shares by 184.5% in the fourth quarter. Virtu Financial LLC now owns 50,585 shares of the company’s stock valued at $1,491,000 after acquiring an additional 32,804 shares during the period. Walleye Capital LLC acquired a new position in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter valued at $203,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily Real Estate Bear 3X Shares in the fourth quarter valued at $28,000.

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.