Direxion Daily Small Cap Bear 3X Shares Target of Unusually High Options Trading (NYSEARCA:TZA)

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) saw some unusual options trading activity on Monday. Stock investors bought 17,760 call options on the stock. This represents an increase of approximately 30% compared to the typical volume of 13,663 call options.

Direxion Daily Small Cap Bear 3X Shares Price Performance

Shares of Direxion Daily Small Cap Bear 3X Shares stock traded down $0.62 during trading on Monday, hitting $7.09. 205,847,246 shares of the company were exchanged, compared to its average volume of 126,726,422. The firm’s fifty day moving average price is $6.35 and its 200 day moving average price is $7.29. Direxion Daily Small Cap Bear 3X Shares has a 1-year low of $5.59 and a 1-year high of $25.70.

Hedge Funds Weigh In On Direxion Daily Small Cap Bear 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC boosted its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 1,453.9% during the 4th quarter. Virtu Financial LLC now owns 533,377 shares of the exchange traded fund’s stock worth $4,006,000 after buying an additional 499,052 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Direxion Daily Small Cap Bear 3X Shares in the fourth quarter valued at approximately $100,000. Jump Financial LLC increased its position in shares of Direxion Daily Small Cap Bear 3X Shares by 4,731.7% during the 4th quarter. Jump Financial LLC now owns 1,196,532 shares of the exchange traded fund’s stock worth $8,986,000 after purchasing an additional 1,171,768 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of 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 purchasing an additional 3,850 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the 4th quarter valued at approximately $492,000.

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.