Direxion Daily Small Cap Bear 3X Shares (TZA) Price, Holdings, & News

ETF Overview

Direxion Daily Small Cap Bear 3X Shares (the Fund) 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 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 includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Fund does not invest in equity securities. It creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the Small Cap Index, and the remainder in money market instruments. The Fund’s investment advisor is Rafferty Asset Management LLC.

Key Stats

• Today's Range: $10.90 to $11.56
• 50-Day Range: $10.11 to $14.53
• 52-Week Range: $10.02 to $29.89
• Volume: 35.78 million shs
• Average Volume: 23.67 million shs
• Market Capitalization: $232.06 million
• Assets Under Management: $338.51 million
• Dividend Yield: 4.19%
• Net Expense Ratio: 1.04%
• Aggregate Rating: N/A

TZA ETF - Frequently Asked Questions

How have TZA shares performed this year?

Direxion Daily Small Cap Bear 3X Shares' stock was trading at $19.95 on January 1st, 2024. Since then, TZA stock has decreased by 44.7% and is now trading at $11.04.
View the best growth stocks for 2024 here.

Who are Direxion Daily Small Cap Bear 3X Shares' major shareholders?

Top institutional shareholders of Direxion Daily Small Cap Bear 3X Shares include National Bank of Canada FI (1.90%), IMC Chicago LLC (0.93%), Virtu Financial LLC (0.69%) and Encompass More Asset Management (0.33%).

How do I buy shares of Direxion Daily Small Cap Bear 3X Shares?

Shares of TZA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Direxion Daily Small Cap Bear 3X Shares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily Small Cap Bear 3X Shares investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), AT&T (T) and Bank of America (BAC).

Fund Details

• Issuer: Direxion
• Fund Name: Direxion Daily Small Cap Bear 3X Shares
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:TZA
• Inception Date: 11/5/2008
• Fund Manager: Paul Brigandi, Tony Ng
• Previous Symbol: NYSE:TZA
• Web: www.direxionshares.com
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: Russell 2000 Index
• Category: Size and Style
• Focus: Small Cap
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 30

Fund Statistics

• Assets Under Management: $338.51 million
• Average Daily Volume: $27.65 million
• Discount/Premium: -0.03%
• Leveraged: -3.00

Administrator, Advisor and Custodian

• Administrator: U.S. Bancorp Fund Services, LLC
• Advisor: Rafferty Asset Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: Optionable
• Options Volume: 6,433
• Put Options: 2,289
• Call Options: 4,144
• Short Interest: 3,970,000 shs

Miscellaneous

• Outstanding Shares: 21,020,000
• Beta: -3.74
• Creation Unit: 50,000
• Creation Fee: $250.00