Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Gap Up to $33.61

Shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZAGet Rating) gapped up prior to trading on Monday . The stock had previously closed at $33.61, but opened at $35.60. Direxion Daily Small Cap Bear 3X Shares shares last traded at $35.01, with a volume of 5,828,755 shares changing hands.

Direxion Daily Small Cap Bear 3X Shares Stock Down 5.6 %

The firm has a 50 day moving average price of $28.46 and a two-hundred day moving average price of $33.17.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TZA. Pinnacle Holdings LLC bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $61,000. Citigroup Inc. raised its position in shares of Direxion Daily Small Cap Bear 3X Shares by 62.5% during the 1st quarter. Citigroup Inc. now owns 3,250 shares of the exchange traded fund’s stock valued at $100,000 after acquiring an additional 1,250 shares during the last quarter. UBS Group AG raised its position in shares of Direxion Daily Small Cap Bear 3X Shares by 8.7% during the 1st quarter. UBS Group AG now owns 3,770 shares of the exchange traded fund’s stock valued at $116,000 after acquiring an additional 301 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter valued at $254,000. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $334,000.

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.

Further Reading

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