In today’s session Direxion Daily Small Cap Bear 3X Shares (TZA) registered an unusually high (427) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TZA increase. With 427 contracts traded and 3074 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TZA161118C00027000 closed last at: $5 or 26.6% up. Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) has declined 22.34% since April 1, 2016 and is downtrending. It has underperformed by 23.56% 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 $663.23 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 important 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 published article titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …”, 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) was released by: Marketwatch.com and their article: “/quotes/zigman/3870025/realtime” with publication date: March 15, 2012.
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