Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Short Interest Update

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 368,512 shares, a decrease of 41.6% from the July 30th total of 630,715 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average trading volume of 4,461,805 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of TZA. Headlands Technologies LLC boosted its position in shares of Direxion Daily Small Cap Bear 3X Shares by 270.5% during the 2nd quarter. Headlands Technologies LLC now owns 226,716 shares of the exchange traded fund’s stock worth $859,000 after acquiring an additional 165,530 shares in the last quarter. Group One Trading LLC boosted its holdings in 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 valued at $1,780,000 after purchasing an additional 237,933 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Direxion Daily Small Cap Bear 3X Shares in the first quarter valued at approximately $702,000. Virtu Financial LLC raised its holdings in Direxion Daily Small Cap Bear 3X Shares by 1,453.9% during 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 in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth approximately $100,000.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

Shares of TZA traded up $1.46 during midday trading on Tuesday, hitting $42.15. The company had a trading volume of 3,480,988 shares, compared to its average volume of 15,967,747. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $36.33 and a 1 year high of $95.40. The company’s 50-day simple moving average is $39.32 and its 200-day simple moving average is $50.14.

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.