Simplex Trading LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) during the third quarter, HoldingsChannel.com reports. The fund acquired 8,674 shares of the exchange traded fund’s stock, valued at approximately $407,000.
Separately, Tower Research Capital LLC TRC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 34.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,036 shares of the exchange traded fund’s stock worth $184,000 after buying an additional 1,023 shares during the last quarter.
Shares of Direxion Daily Small Cap Bear 3X Shares stock traded down $0.21 on Wednesday, reaching $46.43. The stock had a trading volume of 199,462 shares, compared to its average volume of 2,657,929. The company has a 50 day moving average price of $47.81 and a 200 day moving average price of $30.39. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $41.33 and a 1 year high of $93.45.
The company also recently disclosed a — dividend, which was paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 25th were given a $0.3259 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 24th.
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.
Further Reading: Mutual funds are not immune from market timing
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