JPMorgan Chase & Co. Invests $106,000 in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,850 shares of the exchange traded fund’s stock, valued at approximately $106,000.

A number of other hedge funds have also recently bought and sold shares of TZA. DRW Securities LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the third quarter worth $231,000. Pinnacle Family Advisors LLC acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at about $470,000. Encompass More Asset Management bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the third quarter valued at about $950,000. IMC Chicago LLC raised its position in Direxion Daily Small Cap Bear 3X Shares by 447.2% in the third quarter. IMC Chicago LLC now owns 196,300 shares of the exchange traded fund’s stock worth $2,650,000 after purchasing an additional 160,425 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in Direxion Daily Small Cap Bear 3X Shares during the third quarter worth about $5,400,000.

Direxion Daily Small Cap Bear 3X Shares Trading Up 2.7 %

TZA stock opened at $12.07 on Monday. Direxion Daily Small Cap Bear 3X Shares has a 1-year low of $9.66 and a 1-year high of $23.42. The business’s 50 day moving average is $11.86 and its 200-day moving average is $13.28.

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.