Traders Buy High Volume of Direxion Daily Small Cap Bear 3X Shares Call Options (NYSEARCA:TZA)

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) was the target of some unusual options trading on Tuesday. Investors purchased 21,751 call options on the stock. This represents an increase of approximately 37% compared to the typical volume of 15,900 call options.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. boosted its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 17.3% in the 4th quarter. Vontobel Holding Ltd. now owns 26,145 shares of the exchange traded fund’s stock valued at $196,000 after buying an additional 3,850 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily Small Cap Bear 3X Shares by 29.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 28,457 shares of the exchange traded fund’s stock valued at $234,000 after buying an additional 6,433 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at about $100,000. Tudor Investment Corp ET AL purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth approximately $100,000. Finally, StoneX Group Inc. purchased a new stake in Direxion Daily Small Cap Bear 3X Shares during the second quarter worth approximately $176,000.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

Shares of TZA opened at $4.71 on Thursday. The stock has a 50-day simple moving average of $6.11 and a 200-day simple moving average of $6.68. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $4.47 and a 1 year high of $15.17.

About Direxion Daily Small Cap Bear 3X Shares

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.