Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) 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 trading hands.

Direxion Daily Small Cap Bear 3X Shares Price Performance

The stock has a 50 day simple moving average of $13.53 and a two-hundred day simple moving average of $13.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TZA. DRW Securities LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth approximately $231,000. Encompass More Asset Management bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth approximately $950,000. Pinnacle Family Advisors LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at $470,000. National Bank of Canada FI bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at $5,400,000. Finally, JPMorgan Chase & Co. bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at $106,000.

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.