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 some unusual options trading on Friday. Investors purchased 15,915 call options on the company. This is an increase of 49% compared to the average volume of 10,671 call options.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC grew its position in Direxion Daily Small Cap Bear 3X Shares by 755.4% during the 4th quarter. Virtu Financial LLC now owns 1,245,609 shares of the exchange traded fund’s stock worth $16,156,000 after acquiring an additional 1,099,993 shares during the last quarter. IMC Chicago LLC grew its position in shares of Direxion Daily Small Cap Bear 3X Shares by 115.7% in the 4th quarter. IMC Chicago LLC now owns 423,485 shares of the exchange traded fund’s stock worth $5,493,000 after buying an additional 227,185 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth approximately $5,400,000. Jump Financial LLC bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the 4th quarter worth approximately $949,000. Finally, Encompass More Asset Management bought a new stake in shares of Direxion Daily Small Cap Bear 3X Shares in the 3rd quarter worth approximately $950,000.

Direxion Daily Small Cap Bear 3X Shares Stock Performance

TZA opened at $16.29 on Friday. The stock’s 50 day simple moving average is $13.64 and its 200 day simple moving average is $13.06. Direxion Daily Small Cap Bear 3X Shares has a 1 year low of $9.66 and a 1 year 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.