Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) Share Price Breaks Above Fifty Day Moving Average – Should You Sell?

Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV)’s share price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $19.67 and traded as high as $23.59. Direxion Daily Real Estate Bear 3X ETF shares last traded at $22.99, with a volume of 93,116 shares changing hands.

Direxion Daily Real Estate Bear 3X ETF Trading Down 2.2%

The stock’s fifty day moving average price is $19.82 and its 200 day moving average price is $19.97.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X ETF

An institutional investor recently raised its stake in Direxion Daily Real Estate Bear 3X ETF stock. Virtu Financial LLC grew its holdings in shares of Direxion Daily Real Estate Bear 3X ETF (NYSEARCA:DRV) by 17.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,463 shares of the company’s stock after purchasing an additional 5,614 shares during the period. Virtu Financial LLC owned approximately 2.37% of Direxion Daily Real Estate Bear 3X ETF worth $994,000 as of its most recent SEC filing.

Direxion Daily Real Estate Bear 3X ETF 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.