Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Gap Down to $34.92

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) gapped down before the market opened on Tuesday . The stock had previously closed at $34.92, but opened at $31.79. Direxion Daily Small Cap Bear 3X Shares shares last traded at $30.95, with a volume of 3,158,723 shares changing hands.

Direxion Daily Small Cap Bear 3X Shares Trading Down 0.6 %

The business’s 50-day simple moving average is $32.80 and its 200 day simple moving average is $29.53.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TZA. Jane Street Group LLC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 21.9% in 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 last quarter. Jump Financial LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 1st quarter worth approximately $8,361,000. Virtu Financial LLC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 3,609.7% in the 2nd quarter. Virtu Financial LLC now owns 266,470 shares of the exchange traded fund’s stock worth $7,008,000 after buying an additional 259,287 shares during the last quarter. IMC Chicago LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter worth approximately $4,357,000. Finally, Drive Wealth Management LLC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 315.6% in the 2nd quarter. Drive Wealth Management LLC now owns 133,000 shares of the exchange traded fund’s stock worth $3,498,000 after buying an additional 101,000 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.