Direxion Daily Small Cap Bear 3X Shares (NYSEARCA:TZA) On Watch Mode
Dallas, Texas 02/26/2014 (FINANCIALSTRENDS) – Direxion Daily Small Cap Bear 3X Shares(NYSEARCA:TZA) has seen a new 90-day record on the call contracts. The company recorded total call contracts for the same to be 19,482 call contracts. The busy trading session yield is at 0.31 and the put to call ratio is 3.2 call contracts. These were for each traded put contract. The investors use options are able to manage risk as well as speculate price changes. Significantly, the leverage of the stock moves is in the direction where it is expected to see higher growth. It also expects to see drop in trading session where the low was $15.68. The high was noted to be $16.11 for the day.
Expectedly, the trading volume is in the region of 1.09 million which is at an average greater in average volume of shares. Besides, Direxion Daily Small Cap Bear 3X Shares(NYSEARCA:TZA) has been showing a moving average low of 50, which is much lower than the 200 day moving average. Accordingly, the stock has recorded 52 week low in the region of $15.66 and the 52 week high is $45.08.
In the last month, the average stock loss was in the region of 2.81%.
Meanwhile, the resurgence of gold mining stock as well as exchange traded funds is to be noted.
Direxion Daily Small Cap Bear 3X Shares(NYSEARCA:TZA) other ETF, the DUST for gold mining has shown a significant growth. It is nearly doubled with the forward split happening. The reverse split too has occurred and has been commonplace among the group of ETFs leverage, especially on the forward splits.
Direxion Daily Small Cap Bear 3X Shares(NYSEARCA:TZA) however does not show as much as the DUST. In fact where most were negative about DUST last year, this year there is neutral interest. Additionally DUST was lower by over 41%.