Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $39.94, but opened at $41.45. Direxion Daily Small Cap Bear 3X Shares shares last traded at $40.32, with a volume of 1,038,397 shares changing hands.
Direxion Daily Small Cap Bear 3X Shares Price Performance
The company’s fifty day moving average is $42.80 and its 200-day moving average is $55.70.
Hedge Funds Weigh In On Direxion Daily Small Cap Bear 3X Shares
Institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the fourth quarter worth $100,000. JPMorgan Chase & Co. bought a new position in Direxion Daily Small Cap Bear 3X Shares in the second quarter valued at about $100,000. StoneX Group Inc. bought a new position in Direxion Daily Small Cap Bear 3X Shares in the second quarter valued at about $176,000. Vontobel Holding Ltd. boosted its position in Direxion Daily Small Cap Bear 3X Shares by 17.3% in the fourth quarter. Vontobel Holding Ltd. now owns 26,145 shares of the exchange traded fund’s stock worth $196,000 after purchasing an additional 3,850 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new position in Direxion Daily Small Cap Bear 3X Shares in the third quarter worth about $238,000.
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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.
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