Direxion Daily Small Cap Bear 3X Sees Large Increase in Short Interest (TZA)
Shares of Direxion Daily Small Cap Bear 3X (NYSE:TZA) were the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 4,216,776 shares, an increase of 54.9% from the July 15th total of 2,722,013 shares, AmericanBankingNews.com reports. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 20,771,171 shares, the days-to-cover ratio is presently 0.2 days.
Shares of Direxion Daily Small Cap Bear 3X (NYSE:TZA) opened at 14.87 on Tuesday. Direxion Daily Small Cap Bear 3X has a 1-year low of $13.21 and a 1-year high of $27.86. The stock’s 50-day moving average is $15.33 and its 200-day moving average is $16.11.
Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA), formerly Direxion 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).
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