Moors & Cabot Inc. Takes Position in Direxion Daily Small Cap Bear 3X Shares (TZA)

Moors & Cabot Inc. purchased a new stake in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,000 shares of the exchange traded fund’s stock, valued at approximately $128,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TZA. Renaissance Technologies LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at approximately $164,000. Simplex Trading LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the fourth quarter valued at approximately $3,287,000. JFS Wealth Advisors LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the fourth quarter valued at approximately $84,000. Financial Counselors Inc. boosted its holdings in Direxion Daily Small Cap Bear 3X Shares by 3.2% in the fourth quarter. Financial Counselors Inc. now owns 48,737 shares of the exchange traded fund’s stock valued at $742,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the first quarter valued at approximately $1,431,000.

Shares of TZA opened at $9.56 on Thursday. Direxion Daily Small Cap Bear 3X Shares has a 52-week low of $7.80 and a 52-week high of $18.69.

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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.

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Institutional Ownership by Quarter for Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

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