Direxion Daily Small Cap Bear 3X Shares (TZA) Shares Gap Up to $11.95

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) gapped up prior to trading on Monday . The stock had previously closed at $11.65, but opened at $11.95. Direxion Daily Small Cap Bear 3X Shares shares last traded at $11.58, with a volume of 267488 shares trading hands.

Several hedge funds and other institutional investors have recently modified their holdings of TZA. Virtu Financial LLC grew its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 49.4% in the third quarter. Virtu Financial LLC now owns 362,665 shares of the exchange traded fund’s stock valued at $7,150,000 after buying an additional 119,843 shares in the last quarter. Morgan Stanley acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at $615,000. SG Americas Securities LLC acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at $420,000. Tower Research Capital LLC TRC grew its stake in Direxion Daily Small Cap Bear 3X Shares by 6.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 420,160 shares of the exchange traded fund’s stock worth $3,936,000 after purchasing an additional 24,626 shares in the last quarter. Finally, Trellus Management Company LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth $194,000.

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Direxion Daily Small Cap Bear 3X Shares Company Profile (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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