Short Interest in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Drops By 55.2%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 630,715 shares, a drop of 55.2% from the July 15th total of 1,407,834 shares. Currently, 11.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,958,631 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Direxion Daily Small Cap Bear 3X Shares

Large investors have recently made changes to their positions in the company. Jump Financial LLC raised its stake in Direxion Daily Small Cap Bear 3X Shares by 4,731.7% during the 4th quarter. Jump Financial LLC now owns 1,196,532 shares of the exchange traded fund’s stock worth $8,986,000 after acquiring an additional 1,171,768 shares during the period. Virtu Financial LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares by 1,453.9% in the fourth quarter. Virtu Financial LLC now owns 533,377 shares of the exchange traded fund’s stock worth $4,006,000 after purchasing an additional 499,052 shares during the period. Group One Trading LLC increased its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 1,515.8% in the first quarter. Group One Trading LLC now owns 253,630 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 237,933 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the first quarter worth $702,000. Finally, DRW Securities LLC bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter valued at $492,000.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

Shares of TZA traded up $0.51 during trading hours on Monday, hitting $36.88. The stock had a trading volume of 2,885,090 shares, compared to its average volume of 16,821,289. Direxion Daily Small Cap Bear 3X Shares has a 12 month low of $36.33 and a 12 month high of $105.70. The stock has a fifty day moving average price of $40.16 and a 200 day moving average price of $51.93.

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.