Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders bought 21,751 call options on the stock. This represents an increase of approximately 37% compared to the average volume of 15,900 call options.
Institutional Trading of Direxion Daily Small Cap Bear 3X Shares
Several large investors have recently bought and sold shares of TZA. JPMorgan Chase & Co. bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter valued at approximately $100,000. StoneX Group Inc. purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter valued at $176,000. Jump Financial LLC raised its stake in Direxion Daily Small Cap Bear 3X Shares by 132.8% during the 2nd quarter. Jump Financial LLC now owns 195,181 shares of the exchange traded fund’s stock valued at $2,315,000 after buying an additional 111,354 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Direxion Daily Small Cap Bear 3X Shares by 11,756.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 61,652 shares of the exchange traded fund’s stock valued at $731,000 after buying an additional 61,132 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in 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 valued at $534,000 after purchasing an additional 25,000 shares in the last quarter.
Direxion Daily Small Cap Bear 3X Shares Stock Up 3.7%
NYSEARCA:TZA traded up $0.17 during mid-day trading on Tuesday, reaching $4.75. 335,440,260 shares of the company’s stock traded hands, compared to its average volume of 142,100,578. Direxion Daily Small Cap Bear 3X Shares has a 12-month low of $4.47 and a 12-month high of $15.17. The company has a 50 day moving average price of $6.17 and a 200-day moving average price of $6.73.
About Direxion Daily Small Cap Bear 3X Shares
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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