In today’s session Direxion Daily Small Cap Bear 3X Shares (TZA) registered an unusually high (500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TZA increase. With 500 contracts traded and 3954 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TZA161021C00026000 closed last at: $3.15 or 32.4% up. Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) has declined 38.07% since March 14, 2016 and is downtrending. It has underperformed by 43.68% the S&P500.
Direxion Daily Small Cap Bear 3X Shares 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 company has a market cap of $654.26 million. 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 currently has negative earnings. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.
More notable recent Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) news were published by: Marketwatch.com which released: “Direxion Daily Small Cap Bear 3x Shares” on December 24, 2009, also Etfdailynews.com with their article: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” published on May 15, 2014, Etfdailynews.com published: “Marc Faber: Stocks Could Crash 30% [Dow Jones Industrial Average, Direxion …” on July 09, 2014. More interesting news about Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) were released by: Etfdailynews.com and their article: “Direxion Announces Reverse Share Splits Of Six Leveraged ETFs” published on August 10, 2015 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: December 21, 2009.
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