Direxion Daily Real Estate Bear 3X Shares Price & Performance (DRV)

Direxion Daily Real Estate Bear 3X Shares (DRV) experienced a sharp decline of 6.43% on Tuesday, closing at $27.79. Trading volume spiked to 264,000 shares, suggesting heightened investor activity. The ETF has dropped nearly 20% over the past 10 days, raising concerns about increased short-term risk for traders.12

Despite recent price volatility, DRV maintained a steady income dividend, with the latest payout of $0.27709 per share recorded in late March and paid on April 1. The leveraged real estate ETF continues to offer significant distributions, though investors are reminded of the elevated risks inherent in such products.34

Technical analysis points to a negative short-term outlook for DRV, with both short- and long-term moving averages issuing sell signals. While the ETF sits near a key support level, analysts have downgraded its rating from buy to sell, advising caution amid ongoing volatility and a recent 25% drop since early April.25