Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Down 3.1%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Rating) fell 3.1% during trading on Friday . The stock traded as low as $29.79 and last traded at $29.89. 282,755 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 10,183,588 shares. The stock had previously closed at $30.85.

Direxion Daily Small Cap Bear 3X Shares Stock Down 4.9 %

The company has a 50-day simple moving average of $32.31 and a 200 day simple moving average of $35.18.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Several institutional investors have recently modified their holdings of TZA. Ahrens Investment Partners LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the second quarter worth $47,000. Pinnacle Holdings LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the third quarter worth $61,000. Citigroup Inc. boosted its stake in Direxion Daily Small Cap Bear 3X Shares by 62.5% in the first quarter. Citigroup Inc. now owns 3,250 shares of the exchange traded fund’s stock worth $100,000 after purchasing an additional 1,250 shares in the last quarter. UBS Group AG boosted its stake in Direxion Daily Small Cap Bear 3X Shares by 8.7% in the first quarter. UBS Group AG now owns 3,770 shares of the exchange traded fund’s stock worth $116,000 after purchasing an additional 301 shares in the last quarter. Finally, MAI Capital Management acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the second quarter worth $239,000.

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.