Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,407,834 shares, a decrease of 85.1% from the June 30th total of 9,473,620 shares. Based on an average daily volume of 21,895,668 shares, the short-interest ratio is currently 0.1 days. Currently, 27.7% of the company’s stock are short sold.
Institutional Investors Weigh In On Direxion Daily Small Cap Bear 3X Shares
A number of institutional investors have recently modified their holdings of TZA. Jump Financial LLC increased its holdings in Direxion Daily Small Cap Bear 3X Shares by 4,731.7% in the fourth quarter. Jump Financial LLC now owns 1,196,532 shares of the exchange traded fund’s stock valued at $8,986,000 after buying an additional 1,171,768 shares during the last quarter. Virtu Financial LLC raised its stake in Direxion Daily Small Cap Bear 3X Shares by 1,453.9% during the fourth quarter. Virtu Financial LLC now owns 533,377 shares of the exchange traded fund’s stock valued at $4,006,000 after buying an additional 499,052 shares in the last quarter. Group One Trading LLC lifted its holdings in Direxion Daily Small Cap Bear 3X Shares by 1,515.8% during the 1st quarter. Group One Trading LLC now owns 253,630 shares of the exchange traded fund’s stock worth $1,780,000 after buying an additional 237,933 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Direxion Daily Small Cap Bear 3X Shares during the 1st quarter worth approximately $702,000. Finally, DRW Securities LLC acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth approximately $492,000.
Direxion Daily Small Cap Bear 3X Shares Stock Down 0.5%
NYSEARCA:TZA traded down $0.21 during trading hours on Monday, hitting $41.62. The stock had a trading volume of 2,079,221 shares, compared to its average volume of 18,145,982. The business has a 50 day simple moving average of $42.06 and a two-hundred day simple moving average of $54.34. Direxion Daily Small Cap Bear 3X Shares has a 1-year low of $37.10 and a 1-year high of $123.75.
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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