Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Share Price Cross Above 200-Day Moving Average – Here’s What Happened

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.04 and traded as high as $16.44. Direxion Daily Small Cap Bear 3X Shares shares last traded at $15.68, with a volume of 19,639,085 shares.

Direxion Daily Small Cap Bear 3X Shares Stock Up 1.9 %

The business’s 50 day simple moving average is $13.59 and its 200 day simple moving average is $13.06.

Hedge Funds Weigh In On Direxion Daily Small Cap Bear 3X Shares

A number of large investors have recently made changes to their positions in TZA. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth about $106,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth about $113,000. Mission Wealth Management LP purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth about $130,000. XTX Topco Ltd purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth about $151,000. Finally, DRW Securities LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth about $231,000.

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.