Direxion Daily Small Cap Bear 3X Shares Stock Scheduled to Reverse Split on Wednesday, July 15th (NYSEARCA:TZA)

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) shares are scheduled to reverse split on the morning of Wednesday, July 15th. The 1-10 reverse split was announced on Wednesday, June 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 14th.

Direxion Daily Small Cap Bear 3X Shares Price Performance

Direxion Daily Small Cap Bear 3X Shares stock opened at $3.89 on Monday. Direxion Daily Small Cap Bear 3X Shares has a 12-month low of $3.74 and a 12-month high of $12.38. The firm’s 50-day moving average is $4.58 and its two-hundred day moving average is $5.87.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Hedge funds have recently bought and sold shares of the company. Jump Financial LLC raised its holdings in Direxion Daily Small Cap Bear 3X Shares by 4,731.7% in the 4th quarter. Jump Financial LLC now owns 1,196,532 shares of the exchange traded fund’s stock valued at $8,986,000 after acquiring an additional 1,171,768 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 1,453.9% during the fourth quarter. Virtu Financial LLC now owns 533,377 shares of the exchange traded fund’s stock worth $4,006,000 after purchasing an additional 499,052 shares during the last quarter. Group One Trading LLC boosted its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 1,515.8% during the first quarter. Group One Trading LLC now owns 253,630 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 237,933 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the first quarter valued at $702,000. Finally, DRW Securities LLC purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the fourth quarter valued at $492,000.

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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.