Pinnacle Family Advisors LLC Purchases New Stake in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

Pinnacle Family Advisors LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 34,846 shares of the exchange traded fund’s stock, valued at approximately $470,000. Pinnacle Family Advisors LLC owned 0.17% of Direxion Daily Small Cap Bear 3X Shares as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TZA. DRW Securities LLC purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth $231,000. Encompass More Asset Management acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth approximately $950,000. Choreo LLC lifted its position in Direxion Daily Small Cap Bear 3X Shares by 132.4% during the 2nd quarter. Choreo LLC now owns 123,897 shares of the exchange traded fund’s stock worth $2,354,000 after acquiring an additional 70,585 shares in the last quarter. Virtu Financial LLC boosted its holdings in Direxion Daily Small Cap Bear 3X Shares by 51.5% in the 2nd quarter. Virtu Financial LLC now owns 376,167 shares of the exchange traded fund’s stock worth $6,982,000 after acquiring an additional 127,940 shares during the period. Finally, IMC Chicago LLC grew its position in Direxion Daily Small Cap Bear 3X Shares by 447.2% in the third quarter. IMC Chicago LLC now owns 196,300 shares of the exchange traded fund’s stock valued at $2,650,000 after acquiring an additional 160,425 shares in the last quarter.

Direxion Daily Small Cap Bear 3X Shares Price Performance

NYSEARCA TZA opened at $10.33 on Wednesday. The company’s fifty day simple moving average is $12.46 and its 200-day simple moving average is $15.15. Direxion Daily Small Cap Bear 3X Shares has a 52 week low of $9.66 and a 52 week high of $26.90.

About Direxion Daily Small Cap Bear 3X Shares

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.