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). Direxion Daily Small Cap Bear 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol “TZA.”
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. The Fund does not invest in equity securities. It creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the Small Cap Index, and the remainder in money market instruments. The Fund’s investment advisor is Rafferty Asset Management LLC.
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Direxion Daily Small Cap Bear 3X Shares’ stock is owned by many different retail and institutional investors. Top institutional shareholders include Virtu Financial LLC (0.82%), IMC Chicago LLC (0.28%), 1492 Capital Management LLC (0.14%), Hengehold Capital Management LLC (0.13%), Tower Research Capital LLC TRC (0.10%) and Cobblestone Capital Advisors LLC NY (0.08%). The nysearcatza stock news at https://www.webull.com/quote/nysearca-tza was sold by a variety of institutional investors in the last quarter, including Tower Research Capital LLC TRC, and UBS Group AG.
Shares of TZA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Direxion Daily Small Cap Bear 3X Shares has a market capitalization of $275.32 million. Direxion Daily Small Cap Bear 3X Shares earned a media sentiment score of -1.1 on InfoTrie’s scale. They also gave media headlines about the exchange-traded fund a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days. Looking back atNasdaq ttd stock news at https://www.webull.com/quote/nasdaq-ttd historical stock prices for the last five trading days, on March 19, 2020, TZA opened at $106.00, traded as high as $118.70 and as low as $82.30, and closed at $92.00. Trading volume was a total of 5.06M shares. On March 20, 2020, TZA opened at $84.27, traded as high as $98.50 and as low as $78.60, and closed at $96.34. Trading volume was a total of 4.63M shares.
TZA stock was sold by a variety of institutional investors in the last quarter, including Tower Research Capital LLC TRC, and UBS Group AG.