Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Stock Price Pass Above 200-Day Moving Average – Time to Sell?

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.93 and traded as high as $14.40. Direxion Daily Small Cap Bear 3X Shares shares last traded at $14.03, with a volume of 29,230,255 shares.

Direxion Daily Small Cap Bear 3X Shares Stock Up 1.1 %

The firm has a 50 day moving average price of $12.49 and a 200 day moving average price of $12.93.

Institutional Investors Weigh In On Direxion Daily Small Cap Bear 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth $106,000. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth $113,000. Mission Wealth Management LP purchased a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth $130,000. XTX Topco Ltd purchased a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth $151,000. Finally, DRW Securities LLC purchased a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth $231,000.

Direxion Daily Small Cap Bear 3X Shares Company 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.