Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 moving average of $13.53 and a 200-day moving average of $13.04.

Institutional Investors Weigh In On Direxion Daily Small Cap Bear 3X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of TZA. Virtu Financial LLC grew its stake in Direxion Daily Small Cap Bear 3X Shares by 755.4% in the fourth quarter. Virtu Financial LLC now owns 1,245,609 shares of the exchange traded fund’s stock valued at $16,156,000 after purchasing an additional 1,099,993 shares in the last quarter. IMC Chicago LLC grew its stake in Direxion Daily Small Cap Bear 3X Shares by 115.7% in the fourth quarter. IMC Chicago LLC now owns 423,485 shares of the exchange traded fund’s stock valued at $5,493,000 after purchasing an additional 227,185 shares in the last quarter. National Bank of Canada FI bought a new position in Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at approximately $5,400,000. Jump Financial LLC bought a new position in Direxion Daily Small Cap Bear 3X Shares in the fourth quarter valued at approximately $949,000. Finally, Encompass More Asset Management bought a new position in Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at approximately $950,000.

Direxion Daily Small Cap Bear 3X Shares Company Profile

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.