Virtu Financial LLC Grows Position in Direxion Daily Small Cap Bear 3X Shares $TZA

Virtu Financial LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) by 1,453.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 533,377 shares of the exchange traded fund’s stock after purchasing an additional 499,052 shares during the period. Virtu Financial LLC owned about 1.44% of Direxion Daily Small Cap Bear 3X Shares worth $4,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the fourth quarter worth about $100,000. Jump Financial LLC grew its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 4,731.7% during the fourth quarter. Jump Financial LLC now owns 1,196,532 shares of the exchange traded fund’s stock valued at $8,986,000 after buying an additional 1,171,768 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 17.3% during the fourth quarter. Vontobel Holding Ltd. now owns 26,145 shares of the exchange traded fund’s stock valued at $196,000 after buying an additional 3,850 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the fourth quarter worth approximately $492,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 134.1% in the third quarter. JPMorgan Chase & Co. now owns 19,758 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 11,317 shares during the period.

Direxion Daily Small Cap Bear 3X Shares Price Performance

Shares of TZA stock opened at $4.02 on Friday. Direxion Daily Small Cap Bear 3X Shares has a 52-week low of $3.92 and a 52-week high of $13.56. The stock has a 50 day moving average price of $4.80 and a 200 day moving average price of $6.02.

Direxion Daily Small Cap Bear 3X Shares 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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.