Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Down 6.4%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) shares traded down 6.4% on Friday . The company traded as low as $51.01 and last traded at $51.27, 2,540,084 shares traded hands during trading. An increase of 2% from the average session volume of 2,493,572 shares. The stock had previously closed at $54.79.

The business’s 50-day simple moving average is $47.00 and its two-hundred day simple moving average is $19.18.

Several institutional investors and hedge funds have recently made changes to their positions in TZA. IMC Chicago LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the second quarter worth $1,993,000. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 34.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,036 shares of the exchange traded fund’s stock worth $184,000 after buying an additional 1,023 shares during the last quarter. 1492 Capital Management LLC raised its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 358.0% in the first quarter. 1492 Capital Management LLC now owns 112,753 shares of the exchange traded fund’s stock worth $1,111,000 after buying an additional 88,133 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the first quarter worth $80,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the first quarter worth $128,000.



Direxion Daily Small Cap Bear 3X Shares Company Profile (NYSEARCA:TZA)

Direxion Daily Small Cap Bear 3X Shares (the Fund) seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the Russell 2000 Index (the Small Cap Index). The Small Cap Index measures the performance of the small-cap segment of the United States equity universe and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index.

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