Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Gap Up to $54.09

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $55.86, but opened at $54.09. Direxion Daily Small Cap Bear 3X Shares shares last traded at $54.42, with a volume of 261,263 shares traded.

The stock has a 50 day simple moving average of $46.16 and a 200 day simple moving average of $19.01.

A number of institutional investors have recently made changes to their positions in TZA. Hengehold Capital Management LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the first quarter valued at approximately $482,000. Clear Harbor Asset Management LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the first quarter valued at approximately $111,000. Bourgeon Capital Management LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the first quarter valued at approximately $113,000. 1492 Capital Management LLC increased its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 358.0% during the first quarter. 1492 Capital Management LLC now owns 112,753 shares of the exchange traded fund’s stock valued at $1,111,000 after buying an additional 88,133 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the first quarter valued at approximately $80,000.

About Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

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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