Verus Capital Partners LLC Acquires New Position in Direxion Daily Small Cap Bear 3X Shares $TZA

Verus Capital Partners LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $119,000.

Other large investors have also added to or reduced their stakes in the company. Belvedere Trading LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter worth approximately $341,000. Vontobel Holding Ltd. bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the second quarter valued at approximately $182,000. Highline Wealth Partners LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter valued at approximately $32,000. DRW Securities LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the first quarter worth about $178,000. Finally, Jump Financial LLC boosted its stake in Direxion Daily Small Cap Bear 3X Shares by 14.5% in the 1st quarter. Jump Financial LLC now owns 83,827 shares of the exchange traded fund’s stock worth $1,428,000 after purchasing an additional 10,637 shares during the period.

Direxion Daily Small Cap Bear 3X Shares Price Performance

TZA stock traded up $0.21 during midday trading on Thursday, reaching $8.17. The company had a trading volume of 4,255,474 shares, compared to its average volume of 29,568,936. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $7.14 and a 1 year high of $25.70. The firm 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 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.