Direxion Daily Small Cap Bear 3X ETF (NYSEARCA:TZA) Share Price Breaks Below 200-Day Moving Average – Should You Sell?

Direxion Daily Small Cap Bear 3X ETF (NYSEARCA:TZA) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $49.94 and traded as low as $48.77. Direxion Daily Small Cap Bear 3X ETF shares last traded at $49.28, with a volume of 6,416,463 shares.

Direxion Daily Small Cap Bear 3X ETF Price Performance

The firm’s fifty day simple moving average is $45.71 and its 200-day simple moving average is $49.94.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in Direxion Daily Small Cap Bear 3X ETF in the 2nd quarter valued at approximately $200,000. Bank of New York Mellon Corp purchased a new position in Direxion Daily Small Cap Bear 3X ETF during the first quarter worth $702,000. Headlands Technologies LLC increased its position in Direxion Daily Small Cap Bear 3X ETF by 270.5% during the second quarter. Headlands Technologies LLC now owns 226,716 shares of the exchange traded fund’s stock worth $859,000 after buying an additional 165,530 shares in the last quarter. Group One Trading LLC raised its holdings in shares of Direxion Daily Small Cap Bear 3X ETF by 1,515.8% in the first quarter. Group One Trading LLC now owns 253,630 shares of the exchange traded fund’s stock worth $1,780,000 after acquiring an additional 237,933 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Direxion Daily Small Cap Bear 3X ETF by 54.1% in the second quarter. Squarepoint Ops LLC now owns 356,503 shares of the exchange traded fund’s stock worth $1,351,000 after acquiring an additional 125,213 shares during the last quarter.

Direxion Daily Small Cap Bear 3X ETF 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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.