Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) gapped up before the market opened on Wednesday . The stock had previously closed at $52.68, but opened at $51.67. Direxion Daily Small Cap Bear 3X Shares shares last traded at $50.92, with a volume of 2,793,691 shares.

The firm has a 50-day moving average of $48.28 and a two-hundred day moving average of $29.05.

The firm also recently disclosed a — dividend, which was paid on Tuesday, October 1st. Investors of record on Wednesday, September 25th were given a dividend of $0.3259 per share. The ex-dividend date was Tuesday, September 24th. This represents a dividend yield of 1.2%.

Several hedge funds and other institutional investors have recently bought and sold shares of TZA. Tower Research Capital LLC TRC raised its holdings in 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 valued at $184,000 after acquiring an additional 1,023 shares in the last quarter. 1492 Capital Management LLC raised its holdings in Direxion Daily Small Cap Bear 3X Shares by 358.0% in the 1st quarter. 1492 Capital Management LLC now owns 112,753 shares of the exchange traded fund’s stock valued at $1,111,000 after acquiring an additional 88,133 shares in the last quarter. Finally, IMC Chicago LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at approximately $1,993,000.

About Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

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.

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