Prosperity Wealth Management Inc. Grows Stock Holdings in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

Prosperity Wealth Management Inc. grew its holdings in shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) by 30.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,337 shares of the exchange traded fund’s stock after acquiring an additional 7,634 shares during the period. Prosperity Wealth Management Inc.’s holdings in Direxion Daily Small Cap Bear 3X Shares were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $106,000. Encompass More Asset Management bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $950,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter valued at $113,000. Pinnacle Family Advisors LLC bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter valued at $470,000. Finally, IMC Chicago LLC boosted its holdings in Direxion Daily Small Cap Bear 3X Shares by 115.7% in the 4th quarter. IMC Chicago LLC now owns 423,485 shares of the exchange traded fund’s stock worth $5,493,000 after buying an additional 227,185 shares during the period.

Direxion Daily Small Cap Bear 3X Shares Stock Down 0.1 %

Shares of Direxion Daily Small Cap Bear 3X Shares stock opened at $17.22 on Wednesday. Direxion Daily Small Cap Bear 3X Shares has a fifty-two week low of $9.66 and a fifty-two week high of $22.29. The company has a fifty day moving average of $13.06 and a 200 day moving average of $12.93.

Direxion Daily Small Cap Bear 3X Shares Company 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.