Stock Traders 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 bought 15,915 call options on the stock. This represents an increase of 49% compared to the average volume of 10,671 call options.

Direxion Daily Small Cap Bear 3X Shares Price Performance

NYSEARCA TZA traded up $0.29 on Friday, hitting $16.27. 13,250,420 shares of the company were exchanged, compared to its average volume of 25,804,897. The company’s 50 day moving average price is $13.59 and its 200-day moving average price is $13.06. Direxion Daily Small Cap Bear 3X Shares has a twelve month low of $9.66 and a twelve month high of $22.29.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Several institutional investors and hedge funds have recently bought and sold shares of TZA. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth about $106,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth about $113,000. Mission Wealth Management LP acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth about $130,000. XTX Topco Ltd acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 4th quarter worth about $151,000. Finally, DRW Securities LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares during the 3rd quarter worth about $231,000.

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.