Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Stock Price Up 8.3%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) rose 8.3% on Wednesday . The stock traded as high as $54.48 and last traded at $54.09, approximately 3,728,705 shares traded hands during mid-day trading. An increase of 50% from the average daily volume of 2,490,895 shares. The stock had previously closed at $49.95.

The stock’s fifty day moving average is $45.26.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 34.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,036 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 1,023 shares during the last quarter. 1492 Capital Management LLC raised its holdings in Direxion Daily Small Cap Bear 3X Shares by 358.0% during the first quarter. 1492 Capital Management LLC now owns 112,753 shares of the exchange traded fund’s stock worth $1,111,000 after purchasing an additional 88,133 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the first quarter worth approximately $80,000. Moors & Cabot Inc. bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the first quarter worth approximately $128,000. Finally, Villere ST Denis J & Co. LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the first quarter worth approximately $126,000.

About Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

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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