Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Gap Down to $45.54

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) shares gapped down before the market opened on Monday . The stock had previously closed at $46.90, but opened at $45.54. Direxion Daily Small Cap Bear 3X Shares shares last traded at $44.25, with a volume of 2,139,600 shares.

The business’s 50-day moving average price is $47.03 and its 200-day moving average price is $31.46.

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

Several institutional investors and hedge funds have recently made changes to their positions in TZA. Tower Research Capital LLC TRC grew its position in Direxion Daily Small Cap Bear 3X Shares by 34.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,036 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 1,023 shares during the last quarter. Simplex Trading LLC purchased a new position in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at $407,000. Tuttle Tactical Management purchased a new position in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at $579,000. Finally, IMC Chicago LLC purchased a new position in Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at $1,993,000.

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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