Investors Purchase High Volume of Call Options on Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA)

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 15,915 call options on the company. This represents an increase of approximately 49% compared to the typical volume of 10,671 call options.

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

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the third quarter valued at approximately $106,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the fourth quarter valued at approximately $113,000. Encompass More Asset Management bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the third quarter valued at approximately $950,000. IMC Chicago LLC lifted its position in Direxion Daily Small Cap Bear 3X Shares by 115.7% during the fourth quarter. IMC Chicago LLC now owns 423,485 shares of the exchange traded fund’s stock valued at $5,493,000 after purchasing an additional 227,185 shares during the last quarter. Finally, Pinnacle Family Advisors LLC bought a new stake in Direxion Daily Small Cap Bear 3X Shares during the third quarter valued at approximately $470,000.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

TZA stock opened at $16.29 on Friday. The firm has a 50 day moving average of $13.64 and a 200-day moving average of $13.06. Direxion Daily Small Cap Bear 3X Shares has a 12 month low of $9.66 and a 12 month high of $22.29.

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.