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 target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 368,512 shares, a decline of 41.6% from the July 30th total of 630,715 shares. Based on an average daily trading volume, of 4,461,805 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.6% of the shares of the stock are sold short.

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

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

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

NYSEARCA TZA traded up $1.11 on Monday, hitting $41.05. 3,593,528 shares of the company were exchanged, 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 firm has a 50 day moving average of $39.29 and a two-hundred day moving average of $50.27.

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.