In today’s session Direxion Daily Small Cap Bear 3X Shares (TZA) recorded an unusually high (502) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious TZA decrease. With 502 contracts traded and 16394 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: TZA180119P00025000 closed last at: $8.65 or 1.1% down. Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) has declined 43.15% since April 27, 2016 and is downtrending. It has underperformed by 48.37% 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 $519.32 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 news for Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) were recently published by: Marketwatch.com, which released: “Direxion Daily Small Cap Bear 3x Shares” on December 24, 2009. Etfdailynews.com‘s article titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” and published on May 15, 2014 is yet another important article.
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