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.
Basic Details
Issuer Direxion
Fund NameDirexion Daily Small Cap Bear 3X Shares
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:TZA
Inception Date11/5/2008
Fund ManagerPaul Brigandi, Tony Ng
PhoneN/A
Fund Focus
Asset ClassEquity
BenchmarkRussell 2000 TR USD
CategorySize and Style
FocusSmall Cap
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$313.62 million
Average Daily Volume$14.50 million
Discount/Premium0.64%
ETF Expenses
Management Fee0.75%
Other Expenses0.37%
Total Expenses1.12%
Fee Waiver-0.02%
Net Expenses1.10%
Administrator, Advisor and Custodian
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorRafferty Asset Management, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorForeside Fund Services, LLC
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerVirtu Financial
Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) Frequently Asked Questions
What is Direxion Daily Small Cap Bear 3X Shares' stock symbol?
Direxion Daily Small Cap Bear 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "TZA."
How often does Direxion Daily Small Cap Bear 3X Shares pay dividends? What is the dividend yield for Direxion Daily Small Cap Bear 3X Shares?
Direxion Daily Small Cap Bear 3X Shares declared a quarterly dividend on Tuesday, March 19th. Stockholders of record on Wednesday, March 20th will be given a dividend of $0.0265 per share on Tuesday, March 26th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, March 19th. View Direxion Daily Small Cap Bear 3X Shares' Dividend History.
Has Direxion Daily Small Cap Bear 3X Shares been receiving favorable news coverage?
News articles about TZA stock have trended neutral on Sunday, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Direxion Daily Small Cap Bear 3X Shares earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news headlines about the exchange traded fund a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
Are investors shorting Direxion Daily Small Cap Bear 3X Shares?
Direxion Daily Small Cap Bear 3X Shares saw a increase in short interest in March. As of March 29th, there was short interest totalling 2,197,236 shares, an increase of 66.9% from the March 15th total of 1,316,703 shares. Based on an average daily volume of 17,176,661 shares, the days-to-cover ratio is presently 0.1 days. View Direxion Daily Small Cap Bear 3X Shares' Current Options Chain.
What other stocks do shareholders of Direxion Daily Small Cap Bear 3X Shares own?
Who are Direxion Daily Small Cap Bear 3X Shares' major shareholders?
Direxion Daily Small Cap Bear 3X Shares' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Virtu Financial LLC (0.40%) and Clear Harbor Asset Management LLC (0.03%).
Which institutional investors are buying Direxion Daily Small Cap Bear 3X Shares stock?
TZA stock was acquired by a variety of institutional investors in the last quarter, including Virtu Financial LLC and Clear Harbor Asset Management LLC.
How do I buy shares of Direxion Daily Small Cap Bear 3X Shares?
Shares of TZA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Direxion Daily Small Cap Bear 3X Shares' stock price today?
One share of TZA stock can currently be purchased for approximately $9.37.
How big of a company is Direxion Daily Small Cap Bear 3X Shares?
Direxion Daily Small Cap Bear 3X Shares has a market capitalization of $343.60 million.
What is Direxion Daily Small Cap Bear 3X Shares' official website?
MarketBeat Community Rating for Direxion Daily Small Cap Bear 3X Shares (NYSEARCA TZA)
MarketBeat's community ratings are surveys of what our community members think about Direxion Daily Small Cap Bear 3X Shares and other stocks. Vote "Outperform" if you believe TZA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TZA will underperform the S&P 500 over the long term. You may vote once every thirty days.
