Optimum Investment Advisors Buys New Position in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

Optimum Investment Advisors bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) during the 1st quarter, HoldingsChannel.com reports. The fund bought 2,400 shares of the exchange traded fund’s stock, valued at approximately $40,000.

Several other hedge funds also recently modified their holdings of the stock. Virtu Financial LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares by 595.8% during the fourth quarter. Virtu Financial LLC now owns 266,870 shares of the exchange traded fund’s stock valued at $5,324,000 after buying an additional 228,514 shares during the last quarter. Jump Financial LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares by 6.3% during the fourth quarter. Jump Financial LLC now owns 258,207 shares of the exchange traded fund’s stock valued at $5,151,000 after buying an additional 15,311 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Direxion Daily Small Cap Bear 3X Shares by 1,097.1% during the fourth quarter. Headlands Technologies LLC now owns 10,056 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 9,216 shares during the period. Simplex Trading LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth $1,974,000. Finally, Vontobel Holding Ltd. lifted its holdings in Direxion Daily Small Cap Bear 3X Shares by 35.3% during the fourth quarter. Vontobel Holding Ltd. now owns 14,410 shares of the exchange traded fund’s stock worth $287,000 after acquiring an additional 3,760 shares during the period.

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

Shares of Direxion Daily Small Cap Bear 3X Shares stock opened at $19.43 on Friday. The business’s fifty day simple moving average is $19.06 and its 200 day simple moving average is $19.88. Direxion Daily Small Cap Bear 3X Shares has a 12 month low of $16.43 and a 12 month high of $40.22.

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.