Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Gap Down to $50.92

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) gapped down prior to trading on Thursday . The stock had previously closed at $51.31, but opened at $50.92. Direxion Daily Small Cap Bear 3X Shares shares last traded at $50.47, with a volume of 201,545 shares trading hands.

The stock’s 50 day moving average is $48.25 and its two-hundred day moving average is $29.64.

The firm also recently announced a — dividend, which was paid on Tuesday, October 1st. Investors of record on Wednesday, September 25th were paid a $0.3259 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.2%.

An institutional investor recently raised its position in Direxion Daily Small Cap Bear 3X Shares stock. Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) by 34.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,036 shares of the exchange traded fund’s stock after purchasing an additional 1,023 shares during the period. Tower Research Capital LLC TRC owned approximately 0.06% of Direxion Daily Small Cap Bear 3X Shares worth $184,000 at the end of the most recent reporting period.

Direxion Daily Small Cap Bear 3X Shares Company Profile (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.

Further Reading: Basic Economics

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