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

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) saw unusually large options trading activity on Friday. Traders acquired 15,915 call options on the stock. This is an increase of approximately 49% compared to the typical volume of 10,671 call options.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Prosperity Wealth Management Inc. boosted its stake in Direxion Daily Small Cap Bear 3X Shares by 30.9% in the fourth quarter. Prosperity Wealth Management Inc. now owns 32,337 shares of the exchange traded fund’s stock valued at $419,000 after acquiring an additional 7,634 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the third quarter worth $106,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth $113,000. Mission Wealth Management LP bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth $130,000. Finally, XTX Topco Ltd bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth $151,000.

Direxion Daily Small Cap Bear 3X Shares Price Performance

TZA opened at $16.29 on Friday. Direxion Daily Small Cap Bear 3X Shares has a one year low of $9.66 and a one year high of $22.29. The company’s 50 day simple moving average is $13.64 and its 200-day simple moving average is $13.08.

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.