Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Short Interest Down 85.1% in July

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) saw a large decrease in short interest during 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 trading 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 Inflows and Outflows

Several large investors have recently bought and sold shares of TZA. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at about $100,000. StoneX Group Inc. acquired a new position in Direxion Daily Small Cap Bear 3X Shares during the second quarter worth approximately $176,000. Jump Financial LLC raised its stake in Direxion Daily Small Cap Bear 3X Shares by 132.8% in the second 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 period. Qube Research & Technologies Ltd raised its stake in Direxion Daily Small Cap Bear 3X Shares by 11,756.2% in the second 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 period. Finally, Corient Private Wealth LLC raised its stake in Direxion Daily Small Cap Bear 3X Shares by 125.0% in the second quarter. Corient Private Wealth LLC now owns 45,000 shares of the exchange traded fund’s stock valued at $534,000 after buying an additional 25,000 shares during the period.

Direxion Daily Small Cap Bear 3X Shares Price Performance

Shares of NYSEARCA TZA traded up $0.44 during mid-day trading on Friday, hitting $41.83. The company had a trading volume of 2,313,758 shares, compared to its average volume of 18,260,379. The firm has a 50-day simple moving average of $42.06 and a two-hundred day simple moving average of $54.45. Direxion Daily Small Cap Bear 3X Shares has a one year low of $37.10 and a one 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.