Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Sees Significant Decline in Short Interest

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 368,512 shares, a drop of 41.6% from the July 30th total of 630,715 shares. Approximately 6.6% of the shares of the stock are short sold. Based on an average daily volume of 4,461,805 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily Small Cap Bear 3X Shares Stock Up 2.8%

NYSEARCA TZA traded up $1.11 during trading on Monday, reaching $41.05. 3,593,528 shares of the company traded hands, compared to its average volume of 16,038,687. Direxion Daily Small Cap Bear 3X Shares has a 1-year low of $36.33 and a 1-year high of $95.40. The stock’s 50 day moving average price is $39.29 and its two-hundred day moving average price is $50.27.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Large investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. boosted its holdings in shares of Direxion Daily Small Cap Bear 3X Shares by 17.3% in 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 in the last quarter. JPMorgan Chase & Co. bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter worth approximately $100,000. Tudor Investment Corp ET AL acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 4th quarter valued at $100,000. StoneX Group Inc. acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter valued at $176,000. Finally, Corient Private Wealth LLC raised its position in Direxion Daily Small Cap Bear 3X Shares by 125.0% in the 2nd 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 during the last quarter.

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.