Short Interest in Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Declines By 85.1%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,407,834 shares, a decline of 85.1% from the June 30th total of 9,473,620 shares. Based on an average trading volume of 21,895,668 shares, the short-interest ratio is presently 0.1 days. Approximately 27.7% of the company’s stock are sold short.

Direxion Daily Small Cap Bear 3X Shares Stock Up 1.1%

NYSEARCA TZA traded up $0.44 on Friday, hitting $41.83. 2,313,758 shares of the company were exchanged, compared to its average volume of 18,260,379. The stock has a fifty day moving average of $42.06 and a 200-day moving average of $54.45. Direxion Daily Small Cap Bear 3X Shares has a 12 month low of $37.10 and a 12 month high of $123.75.

Institutional Trading of Direxion Daily Small Cap Bear 3X Shares

Several large investors have recently made changes to their positions in TZA. Jump Financial LLC raised its stake in Direxion Daily Small Cap Bear 3X Shares by 4,731.7% during the 4th quarter. Jump Financial LLC now owns 1,196,532 shares of the exchange traded fund’s stock worth $8,986,000 after buying an additional 1,171,768 shares during the period. Virtu Financial LLC increased its holdings in shares of 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 valued at $4,006,000 after acquiring an additional 499,052 shares in the last quarter. Group One Trading LLC raised its position in shares of Direxion Daily Small Cap Bear 3X Shares by 1,515.8% during the first quarter. Group One Trading LLC now owns 253,630 shares of the exchange traded fund’s stock worth $1,780,000 after purchasing an additional 237,933 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Direxion Daily Small Cap Bear 3X Shares during the first quarter worth approximately $702,000. Finally, DRW Securities LLC bought a new position in shares of Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth $492,000.

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.