Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 630,715 shares, a decrease of 55.2% from the July 15th total of 1,407,834 shares. Currently, 11.3% of the shares of the stock are sold short. Based on an average daily volume of 3,958,631 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TZA. Vontobel Holding Ltd. grew its position in Direxion Daily Small Cap Bear 3X Shares by 17.3% during the 4th quarter. Vontobel Holding Ltd. now owns 26,145 shares of the exchange traded fund’s stock worth $196,000 after acquiring an additional 3,850 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Direxion Daily Small Cap Bear 3X Shares in the second quarter valued at about $100,000. Tudor Investment Corp ET AL bought a new position in Direxion Daily Small Cap Bear 3X Shares in the fourth quarter valued at about $100,000. StoneX Group Inc. acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the second quarter valued at about $176,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 125.0% during the second quarter. Corient Private Wealth LLC now owns 45,000 shares of the exchange traded fund’s stock worth $534,000 after purchasing an additional 25,000 shares during the last quarter.
Direxion Daily Small Cap Bear 3X Shares Stock Performance
Direxion Daily Small Cap Bear 3X Shares stock traded down $0.54 during mid-day trading on Friday, reaching $36.37. The company had a trading volume of 3,478,268 shares, compared to its average volume of 16,911,314. Direxion Daily Small Cap Bear 3X Shares has a fifty-two week low of $36.33 and a fifty-two week high of $105.70. The business has a fifty day simple moving average of $40.16 and a 200 day simple moving average of $51.99.
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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.
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