Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Stock Cross Above 200-Day Moving Average of $37.30

Shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZAGet Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.30 and traded as high as $39.51. Direxion Daily Small Cap Bear 3X Shares shares last traded at $39.48, with a volume of 11,401,113 shares traded.

Direxion Daily Small Cap Bear 3X Shares Price Performance

The company’s 50-day moving average is $34.27 and its two-hundred day moving average is $37.33.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd lifted its stake in Direxion Daily Small Cap Bear 3X Shares by 635.5% in the fourth quarter. Qube Research & Technologies Ltd now owns 2,942 shares of the exchange traded fund’s stock worth $80,000 after acquiring an additional 2,542 shares during the period. Optimum Investment Advisors increased its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 50.0% during the first quarter. Optimum Investment Advisors now owns 1,500 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 500 shares in the last quarter. XR Securities LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the first quarter valued at $1,562,000. IMC Chicago LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 1st quarter worth about $2,418,000. Finally, Signaturefd LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 1st quarter worth about $92,000.

Direxion Daily Small Cap Bear 3X Shares Company Profile

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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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