Smithfield Trust Co Takes Position in Direxion Daily Small Cap Bear 3X Shares $TZA

Smithfield Trust Co purchased a new stake in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 506,780 shares of the exchange traded fund’s stock, valued at approximately $6,011,000.

A number of other institutional investors have also recently added to or reduced their stakes in TZA. Flow Traders U.S. LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the first quarter worth $1,357,000. Simplex Trading LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 1st quarter worth $322,000. Belvedere Trading LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter worth $341,000. Choreo LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares by 301.4% during the 1st quarter. Choreo LLC now owns 298,751 shares of the exchange traded fund’s stock valued at $5,121,000 after acquiring an additional 224,333 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 117.7% in the first quarter. XTX Topco Ltd now owns 25,416 shares of the exchange traded fund’s stock valued at $433,000 after purchasing an additional 13,742 shares during the period.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

Direxion Daily Small Cap Bear 3X Shares stock opened at $7.96 on Thursday. The company has a 50-day moving average price of $8.08 and a 200 day moving average price of $10.67. Direxion Daily Small Cap Bear 3X Shares has a 12-month low of $7.14 and a 12-month high of $25.70.

About Direxion Daily Small Cap Bear 3X Shares

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.