In today’s session Direxion Daily Small Cap Bear 3X Shares (TZA) registered an unusually high (1,218) 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 1,218 contracts traded and 414 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TZA161118C00024000 closed last at: $0.92 or 61% down. Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) has declined 42.90% since April 13, 2016 and is downtrending. It has underperformed by 46.83% 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 $398.41 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 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 22, 2009. Also Etfdailynews.com published the news titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” on May 15, 2014. Etfdailynews.com‘s news article titled: “Marc Faber: Stocks Could Crash 30% [Dow Jones Industrial Average, Direxion …” with publication date: July 09, 2014 was also an interesting one.
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