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

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.03 and traded as high as $18.05. Direxion Daily Small Cap Bear 3X Shares shares last traded at $17.03, with a volume of 22,040,154 shares trading hands.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

The stock’s fifty day moving average price is $14.03 and its two-hundred day moving average price is $13.03.

Direxion Daily Small Cap Bear 3X Shares Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.2378 per share. This is a positive change from Direxion Daily Small Cap Bear 3X Shares’s previous dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TZA. Virtu Financial LLC boosted its position in Direxion Daily Small Cap Bear 3X Shares by 755.4% during the 4th quarter. Virtu Financial LLC now owns 1,245,609 shares of the exchange traded fund’s stock valued at $16,156,000 after acquiring an additional 1,099,993 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at approximately $5,400,000. IMC Chicago LLC boosted 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 valued at $5,493,000 after purchasing an additional 227,185 shares in the last quarter. Jump Financial LLC purchased a new stake in Direxion Daily Small Cap Bear 3X Shares in the fourth quarter worth $949,000. Finally, Tower Research Capital LLC TRC raised its holdings in Direxion Daily Small Cap Bear 3X Shares by 2,941.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 38,868 shares of the exchange traded fund’s stock worth $504,000 after purchasing an additional 37,590 shares in the last quarter.

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.