DRW Securities LLC Makes New Investment in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

DRW Securities LLC purchased a new position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 17,105 shares of the exchange traded fund’s stock, valued at approximately $231,000.

A number of other hedge funds also recently modified their holdings of TZA. Choreo LLC boosted its stake in Direxion Daily Small Cap Bear 3X Shares by 132.4% in the 2nd quarter. Choreo LLC now owns 123,897 shares of the exchange traded fund’s stock worth $2,354,000 after purchasing an additional 70,585 shares during the period. Virtu Financial LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares by 51.5% during the second quarter. Virtu Financial LLC now owns 376,167 shares of the exchange traded fund’s stock worth $6,982,000 after buying an additional 127,940 shares during the period. IMC Chicago LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares by 447.2% during the third quarter. IMC Chicago LLC now owns 196,300 shares of the exchange traded fund’s stock worth $2,650,000 after buying an additional 160,425 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 5,734.5% during the first quarter. Jane Street Group LLC now owns 801,718 shares of the exchange traded fund’s stock worth $13,461,000 after buying an additional 787,977 shares in the last quarter.

Direxion Daily Small Cap Bear 3X Shares Trading Down 0.5 %

Shares of Direxion Daily Small Cap Bear 3X Shares stock opened at $10.18 on Thursday. Direxion Daily Small Cap Bear 3X Shares has a 12-month low of $9.66 and a 12-month high of $29.89. The business’s 50 day moving average is $12.81 and its 200-day moving average is $15.41.

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.