Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Up 3.6%

Shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) shot up 3.6% during trading on Friday . The stock traded as high as $28.29 and last traded at $28.26. 5,895,341 shares were traded during trading, a decline of 50% from the average session volume of 11,692,918 shares. The stock had previously closed at $27.27.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

The firm’s fifty day moving average is $25.37 and its 200 day moving average is $29.16.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

A number of institutional investors have recently bought and sold shares of TZA. JPMorgan Chase & Co. boosted its holdings in Direxion Daily Small Cap Bear 3X Shares by 718.4% in the 1st quarter. JPMorgan Chase & Co. now owns 11,384 shares of the exchange traded fund’s stock valued at $349,000 after purchasing an additional 9,993 shares during the period. Citigroup Inc. boosted its holdings in Direxion Daily Small Cap Bear 3X Shares by 62.5% in the 1st quarter. Citigroup Inc. now owns 3,250 shares of the exchange traded fund’s stock valued at $100,000 after purchasing an additional 1,250 shares during the period. Vontobel Holding Ltd. bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 1st quarter valued at about $408,000. Cruiser Capital Advisors LLC raised its position in shares of Direxion Daily Small Cap Bear 3X Shares by 35.7% in the 1st quarter. Cruiser Capital Advisors LLC now owns 23,995 shares of the exchange traded fund’s stock valued at $735,000 after buying an additional 6,308 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of Direxion Daily Small Cap Bear 3X Shares by 430.7% in the 1st quarter. Flow Traders U.S. LLC now owns 119,024 shares of the exchange traded fund’s stock valued at $3,646,000 after buying an additional 96,596 shares in the last quarter.

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.