Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Share Price 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 Monday . The stock has a 200-day moving average of $13.03 and traded as high as $18.05. Direxion Daily Small Cap Bear 3X Shares shares last traded at $17.03, with a volume of 22,040,154 shares.

Direxion Daily Small Cap Bear 3X Shares Stock Up 1.4 %

The company has a 50 day simple moving average of $14.03 and a 200-day simple moving average of $13.03.

Direxion Daily Small Cap Bear 3X Shares Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.2378 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Direxion Daily Small Cap Bear 3X Shares’s previous dividend of $0.15.

Hedge Funds Weigh In On Direxion Daily Small Cap Bear 3X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in TZA. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at $106,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the fourth quarter valued at approximately $113,000. Mission Wealth Management LP purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the fourth quarter valued at approximately $130,000. XTX Topco Ltd bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth $151,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter valued at $262,000.

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.