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

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $25.68 and traded as low as $23.10. Direxion Daily Real Estate Bear 3X Shares shares last traded at $23.16, with a volume of 222,889 shares changing hands.

Direxion Daily Real Estate Bear 3X Shares Stock Performance

The firm’s 50-day simple moving average is $25.68 and its 200 day simple moving average is $25.17.

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

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC lifted its stake in shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,662 shares of the company’s stock after acquiring an additional 1,892 shares during the period. Group One Trading LLC owned 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 as of its most recent SEC filing.

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.