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

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) was the target of unusually large options trading on Monday. Traders acquired 17,760 call options on the company. This is an increase of 30% compared to the average volume of 13,663 call options.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC boosted its holdings 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 period. Tudor Investment Corp ET AL bought a new position in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter valued at about $100,000. Jump Financial LLC raised its holdings in Direxion Daily Small Cap Bear 3X Shares by 4,731.7% in the 4th quarter. Jump Financial LLC now owns 1,196,532 shares of the exchange traded fund’s stock valued at $8,986,000 after acquiring an additional 1,171,768 shares during the period. Vontobel Holding Ltd. lifted its position in Direxion Daily Small Cap Bear 3X Shares by 17.3% during the fourth 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 during the last quarter. Finally, DRW Securities LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth approximately $492,000.

Direxion Daily Small Cap Bear 3X Shares Stock Down 6.5%

Shares of Direxion Daily Small Cap Bear 3X Shares stock opened at $7.21 on Tuesday. The business has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $7.28. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $5.59 and a 1 year high of $25.70.

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.