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

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) saw a significant drop in short interest in 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. Approximately 11.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,958,631 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

Shares of NYSEARCA TZA traded down $0.54 during trading on Friday, reaching $36.37. The company had a trading volume of 3,478,268 shares, compared to its average volume of 16,911,314. Direxion Daily Small Cap Bear 3X Shares has a twelve month low of $36.33 and a twelve month high of $105.70. The stock has a 50-day moving average price of $40.16 and a two-hundred day moving average price of $51.99.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TZA. Vontobel Holding Ltd. lifted its holdings in 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 purchasing an additional 3,850 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 2nd quarter worth about $100,000. Tudor Investment Corp ET AL purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the fourth quarter worth about $100,000. StoneX Group Inc. purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the second quarter worth about $176,000. Finally, Corient Private Wealth LLC raised its position in shares of 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 last quarter.

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.