Shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) traded up 9.3% on Monday . The stock traded as high as $10.12 and last traded at $10.03. 19,856,664 shares changed hands during trading, an increase of 69% from the average session volume of 11,722,272 shares. The stock had previously closed at $9.18.

Several hedge funds have recently made changes to their positions in the company. Simplex Trading LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 4th quarter valued at approximately $3,287,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 1st quarter valued at approximately $1,431,000. 1492 Capital Management LLC grew its position in shares of 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 purchasing an additional 88,133 shares during the period. Hengehold Capital Management LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 1st quarter valued at approximately $482,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at approximately $164,000.

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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.

Further Reading: Gross Domestic Product (GDP)

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