10,006 Shares in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Purchased by Mission Wealth Management LP

Mission Wealth Management LP bought a new position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,006 shares of the exchange traded fund’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth about $106,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth about $113,000. DRW Securities LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth about $231,000. Pinnacle Family Advisors LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth about $470,000. Finally, Encompass More Asset Management bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth about $950,000.

Direxion Daily Small Cap Bear 3X Shares Stock Up 4.8 %

Shares of TZA stock opened at $16.14 on Friday. Direxion Daily Small Cap Bear 3X Shares has a 52-week low of $9.66 and a 52-week high of $22.29. The company has a 50-day simple moving average of $12.74 and a two-hundred day simple moving average of $12.89.

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.