Direxion Daily Small Cap Bear 3X Shares (TZA) Stock Price Up 5.5%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) rose 5.5% during trading on Friday . The stock traded as high as $10.88 and last traded at $10.64. Approximately 10,965,595 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 10,387,850 shares. The stock had previously closed at $10.09.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 32.0% during the first quarter. Royal Bank of Canada now owns 24,506 shares of the exchange traded fund’s stock valued at $290,000 after acquiring an additional 5,946 shares during the period. UBS Group AG increased its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 337.0% during the first quarter. UBS Group AG now owns 13,373 shares of the exchange traded fund’s stock valued at $158,000 after acquiring an additional 10,313 shares during the period. Trellus Management Company LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the third quarter valued at approximately $194,000. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 6.2% during the second quarter. Tower Research Capital LLC TRC now owns 420,160 shares of the exchange traded fund’s stock valued at $3,936,000 after acquiring an additional 24,626 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the third quarter valued at approximately $420,000.

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About Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

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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