Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Gap Up to $54.09

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) shares gapped up prior to trading on Thursday . The stock had previously closed at $55.86, but opened at $54.09. Direxion Daily Small Cap Bear 3X Shares shares last traded at $54.42, with a volume of 261,263 shares traded.

The business has a 50-day moving average of $46.16 and a 200 day moving average of $19.01.

Several institutional investors have recently made changes to their positions in TZA. 1492 Capital Management LLC increased its position in shares of Direxion Daily Small Cap Bear 3X Shares by 358.0% during the 1st quarter. 1492 Capital Management LLC now owns 112,753 shares of the exchange traded fund’s stock valued at $1,111,000 after purchasing an additional 88,133 shares during the last quarter. Hengehold Capital Management LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 1st quarter worth $482,000. IMC Chicago LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter worth $1,993,000. Moors & Cabot Inc. bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 1st quarter worth $128,000. Finally, Villere ST Denis J & Co. LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 1st quarter worth $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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