Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Rating)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $32.09, but opened at $32.89. Direxion Daily Small Cap Bear 3X Shares shares last traded at $33.11, with a volume of 88,367 shares traded.

Direxion Daily Small Cap Bear 3X Shares Price Performance

The stock has a 50-day moving average price of $34.09 and a two-hundred day moving average price of $37.00.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Drive Wealth Management LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth about $1,153,000. Jane Street Group LLC raised its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 21.9% during the 3rd quarter. Jane Street Group LLC now owns 388,304 shares of the exchange traded fund's stock valued at $17,870,000 after buying an additional 69,848 shares during the last quarter. M.D. Sass Investors Services Inc. raised its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 144.0% during the 3rd quarter. M.D. Sass Investors Services Inc. now owns 24,226 shares of the exchange traded fund's stock valued at $1,115,000 after buying an additional 14,297 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at about $61,000. Finally, Cantor Fitzgerald L. P. purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at about $391,000.

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.

Featured Stories

• Get a free copy of the StockNews.com research report on Direxion Daily Small Cap Bear 3X Shares (TZA)
• MarketBeat: Week in Review 12/12 – 12/16
• Which Two Bluechip Tech Companies Have Raised Their Guidance?
• Should You Worry About Elon Musk Selling His Tesla Shares?
• Can Tractor Supply Stock Surge Past Cup-With-Handle Buy Point?
• This is no Time to Buy Lennar but the Time is Coming

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.