Short Interest in Direxion Daily Small Cap Bear 3X Shares (TZA) Increases By 43.9%

Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,342,117 shares, a growth of 43.9% from the November 15th total of 2,323,011 shares. Based on an average daily volume of 9,224,816 shares, the short-interest ratio is currently 0.4 days.

Shares of Direxion Daily Small Cap Bear 3X Shares (NYSEARCA TZA) opened at $12.10 on Friday. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $11.73 and a 1 year high of $20.51.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu KCG Holdings LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at about $1,985,000. DRW Securities LLC acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 2nd quarter valued at about $1,634,000. Flow Traders U.S. LLC increased its position in Direxion Daily Small Cap Bear 3X Shares by 546.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 89,100 shares of the exchange traded fund’s stock valued at $1,216,000 after acquiring an additional 75,310 shares in the last quarter. Financial Counselors Inc. acquired a new stake in Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter valued at about $951,000. Finally, 1492 Capital Management LLC increased its position in Direxion Daily Small Cap Bear 3X Shares by 66.2% in the 3rd quarter. 1492 Capital Management LLC now owns 43,312 shares of the exchange traded fund’s stock valued at $591,000 after acquiring an additional 17,250 shares in the last quarter.

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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.

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