Verus Capital Partners LLC bought a new position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $119,000.
Other hedge funds have also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the second quarter worth approximately $32,000. DRW Securities LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 1st quarter worth $178,000. Vontobel Holding Ltd. purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at $182,000. Simplex Trading LLC purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the 1st quarter worth $322,000. Finally, XTX Topco Ltd lifted its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 117.7% in the first quarter. XTX Topco Ltd now owns 25,416 shares of the exchange traded fund’s stock worth $433,000 after acquiring an additional 13,742 shares in the last quarter.
Direxion Daily Small Cap Bear 3X Shares Trading Up 2.7%
Shares of Direxion Daily Small Cap Bear 3X Shares stock traded up $0.21 during trading hours on Thursday, reaching $8.17. The company’s stock had a trading volume of 4,255,474 shares, compared to its average volume of 29,568,936. The company’s 50 day simple moving average is $8.08 and its 200 day simple moving average is $10.67. Direxion Daily Small Cap Bear 3X Shares has a one year low of $7.14 and a one year high of $25.70.
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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