Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Share Price Cross Above 200-Day Moving Average – Here’s What Happened

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.04 and traded as high as $16.44. Direxion Daily Small Cap Bear 3X Shares shares last traded at $15.68, with a volume of 19,639,085 shares changing hands.

Direxion Daily Small Cap Bear 3X Shares Price Performance

The firm’s 50-day simple moving average is $13.59 and its 200-day simple moving average is $13.06.

Institutional Investors Weigh In On Direxion Daily Small Cap Bear 3X Shares

Several large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings in Direxion Daily Small Cap Bear 3X Shares by 755.4% during the fourth quarter. Virtu Financial LLC now owns 1,245,609 shares of the exchange traded fund’s stock valued at $16,156,000 after buying an additional 1,099,993 shares during the period. National Bank of Canada FI bought a new position in Direxion Daily Small Cap Bear 3X Shares in the third quarter worth approximately $5,400,000. IMC Chicago LLC raised its position in shares of Direxion Daily Small Cap Bear 3X Shares by 115.7% in the 4th quarter. IMC Chicago LLC now owns 423,485 shares of the exchange traded fund’s stock worth $5,493,000 after acquiring an additional 227,185 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth $949,000. Finally, Encompass More Asset Management bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the third quarter valued at about $950,000.

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.