Direxion Daily Small Cap Bear 3X Shares (NYSE:TZA) was the recipient of a large decline in short interest in May.
As of May 15th, there was short interest totalling 2,218,166 shares, a decline of 42.6% from the April 28th total of 3,865,404 shares.
Direxion Daily Small Cap Bear 3X Shares has a one year low of $15.74 and a one year high of $43.45.
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.