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

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) saw unusually large options trading activity on Friday. Investors acquired 15,915 call options on the company. This is an increase of 49% compared to the average volume of 10,671 call options.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

Shares of NYSEARCA:TZA opened at $16.29 on Friday. Direxion Daily Small Cap Bear 3X Shares has a 12 month low of $9.66 and a 12 month high of $22.29. The company’s fifty day simple moving average is $13.64 and its 200 day simple moving average is $13.08.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter valued at $262,000. Two Sigma Securities LLC increased its stake in Direxion Daily Small Cap Bear 3X Shares by 29.9% in the 4th quarter. Two Sigma Securities LLC now owns 54,990 shares of the exchange traded fund’s stock valued at $713,000 after buying an additional 12,659 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Direxion Daily Small Cap Bear 3X Shares by 2,941.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 38,868 shares of the exchange traded fund’s stock valued at $504,000 after buying an additional 37,590 shares during the last quarter. Jump Financial LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter valued at $949,000. Finally, XTX Topco Ltd acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 4th quarter valued at $151,000.

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.