Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Stock Price Pass Above 200-Day Moving Average – Time to Sell?

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.93 and traded as high as $14.40. Direxion Daily Small Cap Bear 3X Shares shares last traded at $14.03, with a volume of 29,230,255 shares changing hands.

Direxion Daily Small Cap Bear 3X Shares Price Performance

The stock’s fifty day moving average is $12.49 and its 200 day moving average is $12.93.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Direxion Daily Small Cap Bear 3X Shares in the third quarter worth about $106,000. Encompass More Asset Management purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the third quarter worth approximately $950,000. Pinnacle Family Advisors LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the third quarter worth approximately $470,000. IMC Chicago LLC increased its position in shares of Direxion Daily Small Cap Bear 3X Shares by 115.7% during the fourth quarter. IMC Chicago LLC now owns 423,485 shares of the exchange traded fund’s stock worth $5,493,000 after acquiring an additional 227,185 shares during the period. Finally, DRW Securities LLC purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the third quarter worth approximately $231,000.

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.