Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Trading Down 4%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) dropped 4% during mid-day trading on Wednesday . The stock traded as low as $45.59 and last traded at $43.84, approximately 343,884 shares were traded during trading. A decline of 86% from the average daily volume of 2,514,946 shares. The stock had previously closed at $45.69.

The business has a 50 day moving average price of $49.59 and a 200-day moving average price of $24.13.

Several institutional investors have recently bought and sold shares of TZA. 1492 Capital Management LLC increased its holdings in 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 valued at $1,111,000 after buying an additional 88,133 shares in the last quarter. IMC Chicago LLC purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the second quarter worth $1,993,000. Moors & Cabot Inc. purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the first quarter worth $128,000. Global Retirement Partners LLC purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the first quarter worth $80,000. Finally, Tower Research Capital LLC TRC grew its holdings in 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 valued at $184,000 after purchasing an additional 1,023 shares during the last quarter.



About Direxion Daily Small Cap Bear 3X Shares (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.

Featured Story: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Receive News & Ratings for Direxion Daily Small Cap Bear 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Small Cap Bear 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.