Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Rating)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $25.76, but opened at $26.68. Direxion Daily Small Cap Bear 3X Shares shares last traded at $27.22, with a volume of 2,416,771 shares changing hands.

Direxion Daily Small Cap Bear 3X Shares Trading Down 1.0 %

The business's 50-day simple moving average is $30.19 and its two-hundred day simple moving average is $33.18.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 591.8% during the 2nd 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 during the period. Jane Street Group LLC grew its position 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 worth $17,870,000 after buying an additional 69,848 shares during the period. Flow Traders U.S. LLC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 430.7% during the 1st quarter. Flow Traders U.S. LLC now owns 119,024 shares of the exchange traded fund's stock worth $3,646,000 after buying an additional 96,596 shares during the period. Drive Wealth Management LLC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 119.6% during the 4th quarter. Drive Wealth Management LLC now owns 55,000 shares of the exchange traded fund's stock worth $1,937,000 after buying an additional 29,950 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 74.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 49,790 shares of the exchange traded fund's stock worth $2,292,000 after buying an additional 21,175 shares during the period.

About Direxion Daily Small Cap Bear 3X Shares

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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.

Further Reading

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