Direxion Daily Small Cap Bear 3x SharesTZA
TZA
0
Funds holding %
of 7,433 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
3% less funds holding
Funds holding: 35 [Q1] → 34 (-1) [Q2]
8.77% less ownership
Funds ownership: 17.58% [Q1] → 8.81% (-8.77%) [Q2]
52% less capital invested
Capital invested by funds: $49.6M [Q1] → $24M (-$25.6M) [Q2]
58% less call options, than puts
Call options by funds: $10.8M | Put options by funds: $25.9M
Research analyst outlook
We haven’t received any recent analyst ratings for TZA.
Financial journalist opinion
Negative
Seeking Alpha
1 week ago
TZA: Small Caps Are Set For Growth If The Fed Cuts Key Rate
TZA is a leveraged inverse ETF offering -3x daily exposure to the Russell 2000, suitable only for short-term trading, not long-term investment. Due to daily compounding and index performance trends, holding TZA long-term risks substantial value decay and amplified losses. Upcoming interest rate cuts could benefit small-cap stocks, increasing the likelihood that TZA underperforms if the Russell 2000 rises.
Neutral
ETF Trends
2 weeks ago
Top Performing Leveraged/Inverse ETFs: 08/03/2025
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Positive
ETF Trends
2 months ago
2 Small-Cap ETFs to Add to the Trader Toolbox
With the S&P 500 back in positive territory after April's tariff tantrum, small-caps have yet to catch up. When the uptrend starts or stalls, Direxion Investments has a pair of leveraged/inverse funds to ponder for small-cap plays.
Positive
Seeking Alpha
3 months ago
TZA: Trade It By All Means But Don't Hold It
TZA is a 3x leveraged inverse ETF tracking the Russell 2000, designed for daily trading, not long-term investing. Holding TZA over multiple days leads to losses due to daily resets and derivative time decay, especially in volatile markets. TZA can be useful for short-term speculation or as a hedge, but it's unsuitable for buy-and-hold strategies.
Positive
Zacks Investment Research
3 months ago
5 Leveraged/Inverse ETFs That Gained More Than 25% in April
Market volatility boosts demand for leveraged and inverse-leveraged ETFs. A few of them gained more than 25% last month.
Negative
Seeking Alpha
5 months ago
TZA: A Weapon Of Choice To Profit From Small-Cap Weakness
Small caps are in trouble, and TZA is one of my preferred ways to try to profit from that. The other is owning puts on IWM, the index ETFs that TZA essentially shorts at a 3:1 ratio. But options are on the verge of getting expensive as volatility spikes. TZA and other -3X ETFs require investors to do their homework, to understand the risks of both inverse and leveraged ETFs.
Neutral
ETF Trends
5 months ago
Top Performing Leveraged/Inverse ETFs: 03/02/2025
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Neutral
ETF Trends
5 months ago
Top Performing Leveraged/Inverse ETFs: 02/23/2025
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Neutral
ETF Trends
6 months ago
Higher Volatility Could Pave the Way for Small-Cap Strength
A new presidential administration and an inflection point for the Federal Reserve are adding a high degree of uncertainty to the market. That could bring forth heightened volatility.
Neutral
ETF Trends
7 months ago
Top Performing Leveraged/Inverse ETFs: 01/12/2025
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
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