Jump Financial LLC Takes Position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

Jump Financial LLC purchased a new position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) during the fourth quarter, HoldingsChannel reports. The firm purchased 73,190 shares of the exchange traded fund’s stock, valued at approximately $949,000.

Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth $151,000. Virtu Financial LLC increased its holdings in Direxion Daily Small Cap Bear 3X Shares by 755.4% in the 4th quarter. Virtu Financial LLC now owns 1,245,609 shares of the exchange traded fund’s stock worth $16,156,000 after buying an additional 1,099,993 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in Direxion Daily Small Cap Bear 3X Shares by 30.9% in the 4th quarter. Prosperity Wealth Management Inc. now owns 32,337 shares of the exchange traded fund’s stock worth $419,000 after buying an additional 7,634 shares in the last quarter. Mission Wealth Management LP bought a new position in Direxion Daily Small Cap Bear 3X Shares during the 4th quarter valued at about $130,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter valued at about $113,000.

Direxion Daily Small Cap Bear 3X Shares Price Performance

TZA opened at $20.10 on Tuesday. The firm has a 50 day moving average price of $16.71 and a 200-day moving average price of $13.75. Direxion Daily Small Cap Bear 3X Shares has a twelve month low of $9.66 and a twelve month high of $25.70.

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.