IMC Chicago LLC Has $5.49 Million Position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

IMC Chicago LLC lifted its position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) by 115.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,485 shares of the exchange traded fund’s stock after acquiring an additional 227,185 shares during the period. IMC Chicago LLC’s holdings in Direxion Daily Small Cap Bear 3X Shares were worth $5,493,000 at the end of the most recent quarter.

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

Direxion Daily Small Cap Bear 3X Shares Stock Performance

Shares of Direxion Daily Small Cap Bear 3X Shares stock opened at $12.14 on Friday. The business has a 50-day moving average of $12.04 and a two-hundred day moving average of $13.21. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $9.66 and a 1 year high of $22.55.

Direxion Daily Small Cap Bear 3X Shares 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.