Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.36 and traded as high as $41.14. Direxion Daily Small Cap Bear 3X Shares shares last traded at $40.74, with a volume of 51,120 shares.

The stock’s fifty day moving average price is $44.52 and its 200-day moving average price is $35.84.

Several hedge funds and other institutional investors have recently made changes to their positions in TZA. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 1,353.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 58,666 shares of the exchange traded fund’s stock worth $2,757,000 after buying an additional 54,630 shares during the last quarter. IMC Chicago LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at approximately $1,993,000. 1492 Capital Management LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at approximately $541,000. Tuttle Tactical Management acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at approximately $579,000. Finally, Simplex Trading LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at approximately $407,000.

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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