IMC Chicago LLC grew its stake in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Free Report) by 115.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 423,485 shares of the exchange traded fund’s stock after acquiring an additional 227,185 shares during the period. IMC Chicago LLC owned 2.01% of Direxion Daily Small Cap Bear 3X Shares worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of TZA. JPMorgan Chase & Co. bought a new position in Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at about $106,000. DRW Securities LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at about $231,000. Pinnacle Family Advisors LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at about $470,000. 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. Finally, National Bank of Canada FI bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the third quarter worth approximately $5,400,000.
Direxion Daily Small Cap Bear 3X Shares Stock Performance
Shares of NYSEARCA TZA opened at $12.14 on Friday. Direxion Daily Small Cap Bear 3X Shares has a fifty-two week low of $9.66 and a fifty-two week high of $22.55. The company’s 50 day simple moving average is $12.04 and its 200 day simple moving average is $13.21.
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.
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