Virtu Financial LLC bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 145,312 shares of the exchange traded fund’s stock, valued at approximately $1,431,000.

A number of other large investors also recently added to or reduced their stakes in TZA. Simplex Trading LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the 4th quarter valued at $3,287,000. SG Americas Securities LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $420,000. Renaissance Technologies LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $164,000. JFS Wealth Advisors LLC acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the 4th quarter valued at $84,000. Finally, Financial Counselors Inc. raised its stake in Direxion Daily Small Cap Bear 3X Shares by 3.2% during the 4th quarter. Financial Counselors Inc. now owns 48,737 shares of the exchange traded fund’s stock valued at $742,000 after purchasing an additional 1,500 shares during the last quarter.

NYSEARCA:TZA opened at $8.99 on Monday. Direxion Daily Small Cap Bear 3X Shares has a one year low of $7.80 and a one year high of $18.69.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a dividend of $0.0265 per share. This represents a $0.11 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, March 19th.

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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.

Read More: What is Net Asset Value (NAV)?

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Institutional Ownership by Quarter for Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

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