Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Rating)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $25.83, but opened at $25.23. Direxion Daily Small Cap Bear 3X Shares shares last traded at $26.74, with a volume of 8,015,374 shares changing hands.

Direxion Daily Small Cap Bear 3X Shares Trading Up 3.3 %

The firm has a fifty day moving average of $31.24 and a 200-day moving average of $33.75.

Hedge Funds Weigh In On Direxion Daily Small Cap Bear 3X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the company. IMC Chicago LLC grew its position in Direxion Daily Small Cap Bear 3X Shares by 591.8% during the second quarter. IMC Chicago LLC now owns 546,034 shares of the exchange traded fund's stock worth $25,472,000 after buying an additional 467,101 shares in the last quarter. Jane Street Group LLC lifted its stake in Direxion Daily Small Cap Bear 3X Shares by 21.9% during the third quarter. Jane Street Group LLC now owns 388,304 shares of the exchange traded fund's stock worth $17,870,000 after purchasing an additional 69,848 shares during the last quarter. Flow Traders U.S. LLC lifted its stake in Direxion Daily Small Cap Bear 3X Shares by 430.7% during the first quarter. Flow Traders U.S. LLC now owns 119,024 shares of the exchange traded fund's stock worth $3,646,000 after purchasing an additional 96,596 shares during the last quarter. Drive Wealth Management LLC lifted its stake in Direxion Daily Small Cap Bear 3X Shares by 119.6% during the fourth quarter. Drive Wealth Management LLC now owns 55,000 shares of the exchange traded fund's stock worth $1,937,000 after purchasing an additional 29,950 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Direxion Daily Small Cap Bear 3X Shares by 74.0% during the third quarter. Tower Research Capital LLC TRC now owns 49,790 shares of the exchange traded fund's stock worth $2,292,000 after purchasing an additional 21,175 shares during the last quarter.

Direxion Daily Small Cap Bear 3X Shares Company Profile

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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