Virtu Financial LLC Buys 1,099,993 Shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

Virtu Financial LLC lifted its holdings in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) by 755.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,245,609 shares of the exchange traded fund’s stock after acquiring an additional 1,099,993 shares during the period. Direxion Daily Small Cap Bear 3X Shares makes up approximately 0.9% of Virtu Financial LLC’s portfolio, making the stock its 10th biggest position. Virtu Financial LLC owned approximately 5.93% of Direxion Daily Small Cap Bear 3X Shares worth $16,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $106,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the fourth quarter worth about $113,000. Mission Wealth Management LP bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the fourth quarter worth about $130,000. DRW Securities LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at approximately $231,000. Finally, Prosperity Wealth Management Inc. boosted its position in Direxion Daily Small Cap Bear 3X Shares by 30.9% during the 4th quarter. Prosperity Wealth Management Inc. now owns 32,337 shares of the exchange traded fund’s stock valued at $419,000 after acquiring an additional 7,634 shares in the last quarter.

Direxion Daily Small Cap Bear 3X Shares Trading Up 1.9 %

TZA stock opened at $16.29 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 firm has a 50 day moving average price of $13.64 and a 200-day moving average price of $13.08.

Direxion Daily Small Cap Bear 3X Shares Company 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.