Prosperity Wealth Management Inc. Has $419,000 Stock Position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

Prosperity Wealth Management Inc. boosted its holdings in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) by 30.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,337 shares of the exchange traded fund’s stock after acquiring an additional 7,634 shares during the quarter. Prosperity Wealth Management Inc. owned 0.15% of Direxion Daily Small Cap Bear 3X Shares worth $419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TZA. DRW Securities LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at approximately $231,000. Encompass More Asset Management acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth approximately $950,000. Pinnacle Family Advisors LLC acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth approximately $470,000. National Bank of Canada FI acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth approximately $5,400,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth approximately $106,000.

Direxion Daily Small Cap Bear 3X Shares Price Performance

Shares of NYSEARCA:TZA opened at $17.22 on Wednesday. The business’s 50 day moving average is $13.06 and its 200-day moving average is $12.93. Direxion Daily Small Cap Bear 3X Shares has a 1-year low of $9.66 and a 1-year high of $22.29.

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.