Direxion Small Cap Bear 3X Shares (ARCA: TZA)

에 대한 최신 뉴스 Direxion Small Cap Bear 3X Shares (ARCA:TZA)

Direxion Small Cap Bear 3X Shares

Direxion

The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the funds net assets (plus borrowing for investment purposes). The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. It is non-diversified.

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Direxion Daily Small Cap Bear 3X Shares

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투자자들이 예측할 수 없는 시장 환경을 헤쳐나가면서 소형주가 부활의 기로에 서 있을 수 있다. 연방준비제도(연준)가 잠재적인 금리 인하를 신호하면서 상황은 곧 더 낮은 차입 비용으로 성장하는 기업들에 유리할 수 있다.

단독: 소형주 주식이 반등 준비? 레버리지 ETF 데이터가 상승 추세를 신호, 전문가 주장

Traders are piling into recession hedges as <a href="https://www.benzinga.com/topic/tariffs">tariff threats resurface</a>, but they may be following the wrong signals. 
According to Jake Behan, Head of Capital Markets at Direxion, the connection between tariffs, inflation, and recession isn't as direct as many assume.
"Traders may be overreacting and exaggerating the link between tariffs, inflation, and recession timing," said Behan in an exclusive interview with Benzinga.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44766429/trumps-tarifflation-in-the-spotlight-as-markets-shrug-off-cool-inflation-data-economist-says">Trump&#8217;s &#8216;Tarifflation&#8217; In The Spotlight As Markets Shrug Off Cool Inflation Data, Economist Says</a>
<h2 class="wp-block-heading">Inflation's Been Brewing &#8211; Tariffs Are Just The Headline</h2>
The tariff narrative has re-entered center stage, but the inflation story predates it. That's why some macro-focused investors may be cautious in attributing too much market movement to new trade threats. 
"While there is no doubt that the three impact each other, the risk of inflation has been looming for much longer," Behan said.
The challenge for active traders is separating noise from signal. The current landscape features erratic tariff implementation, making it hard to precisely time any recession-linked drawdown.
For traders with a bearish tilt on sectors vulnerable to tariff whiplash—such as semiconductors—targeted tools like the Direxion Daily Semiconductor Bear 3X Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXS#NYSE">SOXS</a>) can offer a way to express conviction on near-term downside without waiting for confirmation from lagging indicators.
<h2 class="wp-block-heading">Sentiment Is Right, Strategy May Be Off</h2>
Despite the confusion, Behan acknowledges traders are directionally aligned with macro risks. 
"Traders have the proper sentiment in recognizing the risk of a recession and the global supply chain risks that come along with tariffs," said Behan.
Small caps, often exposed to global supply chains and tighter margins, may also be vulnerable in a tariff-fueled slowdown. Tactical traders looking to lean into that risk might explore inverse exposure through the Direxion Daily Small Cap Bear 3X Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>).
Still, strategy matters. 
Overreacting to tariffs could leave investors positioned for a downturn that's driven by slower-moving forces like sticky inflation or weakening demand &#8211; rather than sudden policy shifts.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44812675/us-manufacturing-unlikely-to-benefit-from-tariffs-survey-indicates-majority-feels-trump-team-is-bullying-corporate-america">US Manufacturing Unlikely To Benefit From Tariffs, Survey Indicates: Majority Feels Trump Team Is &#8216;Bullying Corporate America&#8217;</a></li>
</ul>
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Direxion Daily Semiconductor Bear 3X Shares

SOXS

EXCLUSIVE: Traders May Be Getting The Tariff Playbook All Wrong, Here's Why

For speculative traders seeking exposure to daily sentiment swings, the new year seemingly offers plenty of ammunition. With President Donald Trump entering his second term, the outspoken leader wasted no time reshaping U.S. policy with a<a href="https://www.benzinga.com/government/regulations/25/01/43084601/trump-day-1-executive-order-tsunami-incoming-heres-what-hes-signing-first"> flurry of executive orders</a>. These actions encompass a range of subjects, including energy, immigration, inflation, social policies and trade.
Thanks to a unique vision that sharply contrasts with the prior Biden administration, several sectors rose to the forefront. Perhaps the most prominent example is the cryptocurrency market. Ever since Trump's electoral victory last November, the ecosystem for blockchain-derived assets has been invigorated. Throughout the campaign trail, the former real estate mogul openly and enthusiastically<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43062997/exclusive-how-donald-trumps-crypto-plans-will-bitcoin-xrp-solana"> embraced decentralized digital assets</a>.
In addition, President Trump's pro-business mandates – which notably include deregulation and lower corporate taxes – may reinvigorate a risk-on framework. Emerging industries, such as quantum computing and space economy specialists, have been clear beneficiaries of the conducive environment. These factors combine with a greater emphasis on building out<a href="https://www.benzinga.com/25/01/42862503/3-digital-infrastructure-etfs-in-focus-as-trump-reveals-billion-dollar-data-center-construction-plan"> digital infrastructures</a> to create plenty of upside opportunities for investors to find.
Still, not everything is leaning toward the northward direction. Given the sharp pivot from the prior administration, there are bound to be losers. Among them sit market segments tied to renewable energy. In particular,<a href="https://www.benzinga.com/trading-ideas/movers/25/01/43147598/ev-stocks-are-falling-today-whats-going-on"> shares of electric vehicle stocks faltered recently</a> amid radical changes under Trump 2.0. With the president promising to "drill, baby, drill," the<a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up"> move toward hydrocarbons</a> has caused anxiety among green energy proponents.
Moreover, elements outside of direct executive control may cause the equities arena to stumble. Perhaps most worryingly,<a href="https://www.benzinga.com/trading-ideas/25/01/43064849/4-stocks-to-buy-for-higher-for-longer-interest-rates"> interest rates could stay elevated</a> for longer than desired, in large part due to a red-hot labor market. When these factors are seen in conjunction with a<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42896114/us-2025-recession-odds-plummet-good-news-or-warning-sign"> potential misreading of broader risk</a>, investors could be facing a surprisingly dynamic ecosystem.
The Direxion ETFs: To put it simply, the market could be liable to move in any direction, depending on the prevailing winds. With that in mind, the most adventurous and aggressive investors may consider ultra-leveraged exchange-traded funds. For the optimists, the Direxion Daily Small Cap Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNA#NYSE">TNA</a>) seek the daily investment results of 300% of the performance of the Russell 2000 index.
With exposure to the TNA ETF, traders can potentially enjoy significant upside without having to buy call options. Instead, market participants can pick up units of TNA, similar to any publicly traded enterprise. In the same vein, bearish speculators can acquire units of the Direxion Daily Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) rather than needing to resort to purchasing put options.
While the Direxion 3X ETFs are convenient, investors should note the volatility risks involved in these financial products. As Direxion's<a href="https://www.direxion.com/product/daily-small-cap-bull-bear-3x-etfs"> website</a> states, these leveraged ETFs are designed for trading exposure lasting no longer than one day.
The TNA ETF: Although the chart for the Daily Small Cap Bull ETF is a choppy affair, anticipation of a much more business-friendly environment has bolstered sentiment recently.
<ul>
<li>Over the trailing one-month period, TNA gained almost 8% of value, driving the price action above the 200-day moving average (DMA).</li>
<li>Technical resistance lies at the 50 DMA, which currently stands a bit above $48. For the bulls, this will be the next natural target.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf2tMb0MYkL5HZuEUDtUKPeZwaP9R5TSmRfBmockq0UJfV14B2-jV3iOd2PMgBfcrd3y4mYg8_V6PqVgu54CBeeufT8yoxyiyBY75eXgZBSc4VfiQXyFUze6jReRwoJn-4ejiKF8Q?key=U_Y0u8R0Y_cA_5nvA0CDLRBd" alt="" /></figure>
The TZA ETF: A volatile canvas, the Daily Small Cap Bear ETF has struggled over the past 52 weeks, losing more than 45%. However, an economic shock could revitalize the inverse fund.
<ul>
<li>For proponents of the TZA ETF, it's vital for the bear fund to keep its head above the psychologically and technically significant $10 level.</li>
<li>Right now, the 50 DMA provides support for TZA. Moving forward, the upside target is where the 200 DMA stands at a few clicks above $15.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcTGV5-x-BFejfGg3BKhhEbig7erIttWKGg-gXPRU-aAQut2XepCP7dn1qpfHH4zSqsdiNgU8l6wzmdBoiLpQMeueWHPDdBxOPDLkI1G6ZP4TjUr7mVBr7zMJej1Gz8hexIytKG0g?key=U_Y0u8R0Y_cA_5nvA0CDLRBd" alt="" /></figure>
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Trump 2.0 Presents Both Promise And Pitfalls For Direxion's Small Cap Bull And Bear Funds

As investors navigate an unpredictable market landscape, small-cap stocks might be on the brink of a resurgence. With the Federal Reserve signaling potential rate cuts, the conditions could soon favor companies that thrive on <a href="https://www.benzinga.com/trading-ideas/small-cap-analysis">lower borrowing costs</a>.
In an exclusive interview with Benzinga, Ed Egilinsky, Managing Director at Direxion, shared his views on the evolving small-cap sector. 
&#8220;Small caps tend to be more reliant on taking on debt to help grow their business, and borrowing at lower rates could be helpful to their bottom line,&#8221; he noted. With potential rate cuts on the horizon, Egilinsky believes there are trading opportunities within the small-cap space.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40348381/small-caps-set-for-a-comeback-heres-why-they-deserve-your-attention">Small Caps Set For A Comeback? Here&#8217;s Why They Deserve Your Attention</a>
<h2 class="wp-block-heading">The Bull Vs. Bear Debate: Where Should Traders Bet?</h2>
For those looking to ride the wave, leveraged ETFs like the Direxion Small Cap Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNA#NYSE">TNA</a>) and the Direxion Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) could be valuable tools. &#8220;We&#8217;ve seen significant inflows from traders tilted toward the bull side through our 3x bull TNA,&#8221; Egilinsky shared, pointing to recent trends that suggest a bullish outlook.
Investors looking for non-leveraged diversified exposure to the small-cap space may also consider ETFs tracking the Russell 2000 index. The Russell 2000 Index is one of the more popular indices tracking the performance of 2,000 small-cap companies. Popular ETFs tracking the index include: the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) and the Vanguard Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTWO#NYSE">VTWO</a>). 
<h2 class="wp-block-heading">Fed Policy, Market Sentiment: A Recipe For Volatility?</h2>
Egilinsky highlighted the impact of a potential Fed pivot on small-cap stocks, suggesting that these companies might outperform their larger counterparts as borrowing costs decrease. 
&#8220;If you adhere to the theory of mean reversion, you might believe at some point that small caps on a relative valuation basis might represent a better opportunity than large caps,&#8221; he explained.
Active traders should remain vigilant, ready to capitalize on both bullish and bearish movements in the market. 
With a dynamic year ahead, the small-cap sector offers plenty of opportunities for those looking to diversify their portfolios beyond the dominant large-cap names.
Read Also: 
<ul>
<li><a href="EXCLUSIVE: 'Fed Pivot May Be Imminent' — Small Caps Are Poised For Big Comeback, Says WisdomTree Strategist">EXCLUSIVE: &#8216;Fed Pivot May Be Imminent&#8217; — Small Caps Are Poised For Big Comeback, Says WisdomTree Strategist</a></li>
</ul>

EXCLUSIVE: Are Small-Cap Stocks Ready For A Rebound? Leveraged ETF Data Signals A Bullish Trend, Says Expert

Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) made waves Thursday when it proposed tighter delisting processes for companies that fall out of compliance with listing standards. Targeting so-called<a href="https://www.benzinga.com/money/best-penny-stocks"> penny stocks</a>, the new standard may lead to struggling entities getting the boot by the stock exchange operator.
According to Reuters, Nasdaq requires companies listed on its exchanges to maintain a minimum <a href="https://www.reuters.com/markets/us/nasdaq-considers-stricter-delisting-rules-penny-stocks-2024-08-08/">bid price</a> above $1. Failure to meet this standard for 30 consecutive sessions is deemed to be non-compliant and companies are given 180 days to rectify the matter. If compliance cannot be achieved within this window, affected enterprises can request a second 180-day extension.
If the company remains non-compliant, it has the option to appeal to Nasdaq's hearings panel. This action has the impact of effectively delaying the delisting process. However, under the proposed rule changes, publicly traded firms that saw their share price dip below $1 on the completion of 360 market sessions, will be suspended.
Also, entities with share prices that drop beneath $1 that also effected a reverse stock split within the one-year period will be subject to an immediate delisting determination. By raising listing standards, the overall quality of small-capitalization companies may benefit as only the most viable businesses are spotlighted, thus positively affecting the Russell 2000 index.
On another note, lesser-known enterprises have been on the receiving end of bullish sentiment. Last month, small-cap stocks saw a significant boost in value, which may be attributed to a<a href="https://www.benzinga.com/news/24/08/40263024/exclusive-fed-pivot-may-be-imminent-small-caps-are-poised-for-big-comeback-says-wisdomtree-strategis"> rotation away from large caps</a>, particularly from Big Tech. In its place, promising small-cap stocks are standing out.
The ETFs: For investors seeking high-risk, high-reward opportunities within this potential rotation, Direxion offers two leveraged exchange-traded funds. First, Direxion Daily Small Cap Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNA#NYSE">TNA</a>) seeks the daily investment results of 300% of the performance of the Russell 2000. Second, for those who may be bearish, Direxion Daily Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) offers 300% of the inverse of the aforementioned index's performance.
To be clear, these ETFs represent opportunities for traders who are speculating on the market for a period lasting no longer than a single day. Due to the daily compounding of leverage combined with the higher-than-average volatility of small caps, leveraged ETFs — especially 3X funds — may exhibit value decay if held over time.
The TNA Chart: TNA saw wild fluctuations recently, with the leveraged fund hitting a closing high of $49.09 within the trailing month. Currently, the ETF is exchanging hands just north of $37.
<ul>
<li>Earlier this week, TNA dropped below its 200-day moving average. However, the subsequent price action pushed the ETF above this critical gauge of intermediate-term market health.</li>
<li>The immediate target for TNA bulls would be to decisively secure the $38 support line. From there, a push toward the psychologically significant $40 level represents the next logical objective.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdfL4vt84Fi2Pwh4GinJQCEl52S-I7GvZF4P8Vp7gEgEBfL09WmahMNQBwfEO8uQOUjmP0CIR8yEGo52oce_JWQddeK0b7NtULv73eTWUHMBV6YDeOy-qLpqVU9EE-n8BgAHLBCF_DZfrpM43U8obTglTg?key=El3i6BI1-b8x0d6OjbnAYQ" alt="" /></figure>
The TZA Chart: TZA has likewise witnessed severe undulations. In this case, the inverse leveraged fund within the trailing month dropped to a closing low of $13.51. At the moment, TZA has recovered to just under the $17 level.
<ul>
<li>Last month, TZA fell conspicuously below its 50 DMA and its 20-day exponential moving average. While it has cleared the latter average, the inverse ETF is still struggling to get above the former.</li>
<li>The next logical target for TZA bulls (i.e. small-cap bears) is to secure the $18 support line. From there, pushing toward the psychologically significant $20 level appears to be the main objective.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfzb_L7BUIBPest1O2UXGwE20yKMheklEY9r3veQknPaFDkytEDBuT60RbgZFRnekbvFJvSbPiSQzEZIYJfLeWPcYbZybfVDGGuuM9n5IO-IeGsOIiZzuyuGXwvNIMrfxLHizO0qBkb_sHGgVUNmDIPryq2?key=El3i6BI1-b8x0d6OjbnAYQ" alt="" /></figure>
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NDAQ

Proposed Stricter Nasdaq Delisting Process Could Put Spotlight On Direxion Small Cap Bull And Bear 3X ETFs

On Monday, shares of Direxion Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) saw unusual options activity. After the option alert, the stock price moved up to $30.36. 
<ul>
<li>Sentiment: BULLISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-09-17</li>
<li>Strike Price: $31.00</li>
<li>Volume: 200</li>
<li>Open Interest: 85</li>
</ul>
<h2>Three Indications Of Unusual Options Activity</h2>
Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).
The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. 
Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. 
<h2>Understanding Sentiment</h2>
Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. 
Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. 
<h2>Trading Options With These Strategies</h2>
Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.
For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a>

Movers

Unusual Options Activity Insight: Direxion Small Cap Bear 3X Shares

Shares of Direxion Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved up to $31.19. 
<ul>
<li>Sentiment: BULLISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-08-06</li>
<li>Strike Price: $28.50</li>
<li>Volume: 639</li>
<li>Open Interest: 641</li>
</ul>
<h2>Three Ways Options Activity Is ‘Unusual'</h2>
One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it. 
Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset. 
"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. 
<h2>Understanding Sentiment</h2>
Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. 
These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.
<h2>Using These Strategies To Trade Options</h2>
Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.
For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a>

Shares of Direxion Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved down to $30.34. 
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2022-01-21</li>
<li>Strike Price: $45.00</li>
<li>Volume: 250</li>
<li>Open Interest: 86</li>
</ul>
<h2>Three Indications Of Unusual Options Activity</h2>
Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).
Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. 
"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. 
<h2>Understanding Sentiment</h2>
Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. 
Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. 
<h2>Trading Options With These Strategies</h2>
Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.
For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a>

Options

Markets

Analyzing Direxion Small Cap Bear 3X Shares's Unusual Options Activity

Shares of Direxion Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved down to $32.98. 
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-08-20</li>
<li>Strike Price: $30.00</li>
<li>Volume: 787</li>
<li>Open Interest: 3633</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).
Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset. 
"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. 
<h2>Bullish And Bearish Sentiments</h2>
Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. 
These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.
<h2>Using These Options Strategies</h2>
Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.
For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a>

Understanding Direxion Small Cap Bear 3X Shares's Unusual Options Activity

Shares of Direxion Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) saw some unusual options activity on Monday. Following the unusual option alert, the stock price moved up to $36.2. 
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-08-20</li>
<li>Strike Price: $34.00</li>
<li>Volume: 5</li>
<li>Open Interest: 1157</li>
</ul>
<h2>Three Indications Of Unusual Options Activity</h2>
Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).
The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. 
"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. 
<h2>Bullish And Bearish Sentiments</h2>
Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. 
These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.
<h2>Using These Strategies To Trade Options</h2>
Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.
For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a>

Direxion Small Cap Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>) shares experienced unusual options activity on Thursday. The stock price moved up to $32.95 following the option alert. 
<ul>
<li>Sentiment: BULLISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-07-30</li>
<li>Strike Price: $34.50</li>
<li>Volume: 400</li>
<li>Open Interest: 10</li>
</ul>
<h2>Three Ways Options Activity Is ‘Unusual'</h2>
Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.
The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. 
Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. 
<h2>Understanding Sentiment</h2>
Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. 
Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. 
<h2>Trading Options With These Strategies</h2>
Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.
For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a>

Many investors utilize <a href="https://www.benzinga.com/etfs">exchange-traded funds </a>(ETFs) which are diversified securities that contain various investments including stocks, commodities, and <a href="https://investmentfirms.com/what-is-a-bond/">bonds</a>. Here are the top-performing ETFs this week that have been providing investors with consistent returns.
<h3>1. MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN- Up 723.26% Over 1 Month</h3>
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgd#NYSE">NRGD</a>) This ETN tracks -2x of the daily performance of the Solactive MicroSectors U.S. Big Oil Index, total return. This index is utilized to take short positions and uses derivatives to include the stocks from the energy sector.&nbsp;
<h3>2. MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN - Up 689.70% Over 1 Month</h3>
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bnkd#NYSE">BNKD</a>) is linked to a 2x inverse leveraged participation in the performance of the Index which is compounded daily, minus the applicable fees. It provides exposure to the 10 largest U.S. banks and financial services companies and this ETN includes inverse leveraged exposure to the Solactive MicroSectors&trade; U.S. Big Banks Index.
<h3>3. &nbsp;Direxion Daily Small Cap Bear 3X Shares- Up 526.87% Over 1 Month</h3>
&nbsp;Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) is seeking daily investment results, of 300%, or 300% of the inverse, of the return of their benchmark index. This is a short-term trading tool that uses ETF and index swaps to get its inverse exposure.
<h3>4. &nbsp;iShares Morningstar Mid-Cap Growth ETF- Up 513.44% Over 1 Month</h3>
&nbsp;iShares Morningstar Mid-Cap Growth ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/imcg#NYSE">IMCG</a>) is a market-cap-weighted benchmark of US midcap stocks chosen for their growth characteristics. The selected growth stocks are described by IMCG as having above-average historical and forecasted earnings, revenue, equity, and cash flow growth.
<h3>5. iShares Morningstar Small-Cap Growth ETF - Up 496.11% Over 1 Month</h3>
iShares Morningstar Small-Cap Growth ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iscg#NYSE">ISCG</a>) follows a market-cap-weighted benchmark of small-cap growth stocks in the United States. The index selects stocks with a market capitalization of 90-99.5 percent that fall into Morningstar's growth style category.

BNKD

IMCG

ISCG

NRGD

Let's Take A Look At This Weeks Highest Performing ETFs 5/7

<a href="https://www.benzinga.com/etfs">Exchange Traded funds</a> (ETFs) are excellent <a href="https://investmentfirms.com/investment-options/">investment</a> tools that can be purchased or sold on the stock market. Here are the highest performing ETFs this week that offer a wide variety of opportunities for investors.
<h3>1. MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN- Up 723.26% Over 1 Month</h3>
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgd#NYSE">NRGD</a>) This ETN tracks -2x of the daily performance of the Solactive MicroSectors U.S. Big Oil Index, total return. This index is utilized to take short positions and uses derivatives to include the stocks from the energy sector.&nbsp;
<h3>2. MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN - Up 689.70% Over 1 Month</h3>
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bnkd#NYSE">BNKD</a>) is linked to a 2x inverse leveraged participation in the performance of the Index which is compounded daily, minus the applicable fees. It provides exposure to the 10 largest U.S. banks and financial services companies and this ETN includes inverse leveraged exposure to the Solactive MicroSectors&trade; U.S. Big Banks Index.
<h3>3. &nbsp;iShares Morningstar Mid-Cap Growth ETF- Up 549.86% Over 1 Month</h3>
iShares Morningstar Mid-Cap Growth ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/imcg#NYSE">IMCG</a>) is a market-cap-weighted benchmark of US midcap stocks chosen for their growth characteristics. The selected growth stocks are described by IMCG as having above-average historical and forecasted earnings, revenue, equity, and cash flow growth.
<h3>4. iShares Morningstar Small-Cap Growth ETF - Up 533.08% Over 1 Month</h3>
iShares Morningstar Small-Cap Growth ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iscg#NYSE">ISCG</a>) follows a market-cap-weighted benchmark of small-cap growth stocks in the United States. The index selects stocks with a market capitalization of 90-99.5 percent that fall into Morningstar's growth style category.
<h3>5. &nbsp;Direxion Daily Small Cap Bear 3X Shares- Up 526.87% Over 1 Month</h3>
Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) is seeking daily investment results, of 300%, or 300% of the inverse, of the return of their benchmark index.

Let's Take A Look At This Weeks Highest Performing ETFs 4/30

Many investors utilize <a href="https://www.benzinga.com/etfs">exchange-traded funds </a>(ETFs) which are diversified securities that contain various investments including stocks, commodities, and <a href="https://investmentfirms.com/what-is-a-bond/">bonds</a>. Here are the top-performing ETFs this week that have been providing investors with consistent returns.
<h3>1. American Conservative Values ETF - Up&nbsp; 34,974.50% Over 1 Month&nbsp;</h3>
American Conservative Values ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acvf#NYSE">ACVF</a>) aims to boycott businesses that promote liberal campaigns, foundations, and activist organizations. They want to build a network of politically conservative investors that can work together for various political causes. This ETF has 229K shares outstanding and a dividend of 0.05.
<h3>2. MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN - Up 723.26% Over 1 Month</h3>
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgd#NYSE">NRGD</a>) tracks three times the inverse of the Solactive MicroSectors US Big Oil index, which picks and evenly weights the ten largest eligible stocks based on their free-float market cap level. This ETF has 50K shares outstanding and is trading an average volume of 129,165 shares.
<h3>3. MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN - Up 689.70% Over 1 Month</h3>
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bnkd#NYSE">BNKD</a>) BNKD is an inversely leveraged take on US Big Banks. The portfolio, in particular, tracks three times the opposite of the underlying index, which picks and equally weights the ten highest eligible stocks.
<h3>4. &nbsp;Direxion Daily Small Cap Bear 3X Shares - Up 526.87% Over 1 Month</h3>
&nbsp;Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) offers three times leveraged exposure to&nbsp; companies in the Russell 3000&reg; Index.&nbsp; It invests in financial instruments that provide inverse or short leveraged exposure to the Index. This ETF trades an average volume of 7,857,159 shares and a NAV of 32.30.
<h3>5. Direxion Daily Financial Bear 3X Shares - Up 439.35% Over 1 Month&nbsp;</h3>
Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faz#NYSE">FAZ</a>) is a short-term trading tool that uses ETF and index swaps that provide inverse or short leveraged exposure. This index is a subset of the Russell 1000&reg; Index. It focuses on measuring the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. This ETF trades an average of 802,974 shares and has a NAV of 32.34.

ACVF

Let's Take A Look At This Weeks Highest Performing ETFs 4/23

Inverse ETFs move in the opposite direction as the market. They include the ProShares Short Dow 30 ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dog#NASDAQ">DOG</a>), the ProShares Short S&amp;P 500 ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sh#NYSE">SH</a>), and the Direxion Daily Small Cap Bear 3X Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>).
Some investors believe the stock market will go lower, but they may not want to use complicated options strategies to protect their portfolios. These investors could consider using inverse ETFs as a way to hedge themselves.
See Also: <a href="https://www.benzinga.com/money/what-is-an-etf/">What Is An ETF?</a>
The most widely cited index in the media is the Dow Jones Industrial Average. This index has been calculated and reported on since 1896. Its members include 30 large and well-known companies.
The ProShares Short Dow 30 ETF moves in the opposite direction of the Dow Jones. If the Dow&nbsp;is down by 1%, this ETF should rise by 1%.
<img alt="dog.png" src="https://www.benzinga.com/files/u344550/dog.png" style="height:400px; width:640px" />
The S&amp;P 500 Index is also commonly cited by the media.
This Index is much more broad-based than the Dow. The Dow is made up of 30 stocks, while the S&amp;P 500 consists of approximately 500 stocks.
The ProShares Short S&amp;P 500 ETF&nbsp;moves in the opposite direction as the S&amp;P 500 Index. If the index falls 5%, this ETF should appreciate by about 5%.
<img alt="sh.png" src="https://www.benzinga.com/files/u344550/sh.png" style="height:400px; width:640px" />
The Direxion Daily Small Cap Bear 3X Shares ETF is much more volatile than DOG and SH. It&#39;s structured to move three times inversely to the Russell 2000 Index, an&nbsp;index that consists of roughly 2,000 small-cap companies.
These small-cap stocks tend to be more volatile than the larger company stocks in the other indices. If the Russell 2000 drops by 1%, this ETF will gain about 3%.

Sector ETFs

Broad U.S. Equity ETFs

3 ETFs To Buy If You're Bearish

<a href="https://www.benzinga.com/etfs">Exchange Traded funds</a> (ETFs) are excellent <a href="https://investmentfirms.com/investment-options/">investment</a> tools that can be purchased or sold on the stock market. Here are the highest performing ETFs this week that offer a wide variety of opportunities for investors.
<h3>1. American Conservative Values ETF - Up&nbsp; 34,688.42% Over 1 Month&nbsp;</h3>
American Conservative Values ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acvf#NYSE">ACVF</a>) was designed by conservatives to help boycott the companies that they feel are hostile to their values. This ETF was built for ideological conservative investors to allow this community with shared values to strive to make an impact. This ETF has an expense ratio of 0.75% with quarterly dividends of $0.05 this week.
<h3>2. MicroSectors U.S. Big Oil Index - 3X Inverse Leveraged ETN - Up 723.26% Over 1 Month</h3>
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgd#NYSE">NRGD</a>) This ETN tracks -2x of the daily performance of the Solactive MicroSectors U.S. Big Oil Index, total return. This index is utilized to take short positions and uses derivatives to include the stocks from the energy sector. This ETF has a 0.95% expense ratio and YTD Returns of 189.69% this week.
<h3>3. MicroSectors U.S. Big Banks Index - 3X Inverse Leveraged ETN - Up 689.70% Over 1 Month</h3>
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bnkd#NYSE">BNKD</a>) is linked to a 2x inverse leveraged participation in the performance of the Index which is compounded daily, minus the applicable fees. It provides exposure to the 10 largest U.S. banks and financial services companies and this ETN provides inverse leveraged exposure to the Solactive MicroSectors&trade; U.S. Big Banks Index. This ETF has an average spread of 0.50% and has an expense ratio of 0.95% this week.
<h3>4. &nbsp;Direxion Daily Small Cap Bear 3X Shares - Up 526.87% Over 1 Month</h3>
&nbsp;Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) is seeking daily investment results, of 300%, or 300% of the inverse, of the return of their benchmark index. This is a short-term trading tool that uses ETF and index swaps to get its inverse exposure. The 1 Day NAV change as of Apr 14, 2021 for this ETF is $2.36(2.63 %).
<h3>5. Direxion Daily Financial Bear 3X Shares - Up 439.35% Over 1 Month&nbsp;</h3>
Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faz#NYSE">FAZ</a>) invests in swap agreements, futures contracts, short positions that provide leveraged exposure to the index equal to at least 80% of the fund&rsquo;s assets. The net asset value for this ETF is $99.95, which is a 2.02% increase this week.

Let's Take A Look At This Weeks Highest Performing ETFs

Many investors utilize <a href="https://www.benzinga.com/etfs" target="_blank">exchange-traded funds</a> (ETFs) which are diversified securities that contain various <a href="https://investmentfirms.com/investment-options/" target="_blank">investments</a> including stocks, commodities, and bonds. Here are the top-performing ETFs this week that have been providing investors with consistent returns.
1. MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN- Up 723.26% Over 1 Month
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgd#NYSE">NRGD</a>) tracks -2x of the daily performance of the Solactive MicroSectors U.S. Big Oil Index, total return. This index is utilized to take short positions and uses derivatives to include the stocks from the energy sector. The index consists of the growth and valuation of stocks from large-cap companies.
2. MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN - Up 689.70% Over 1 Month
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bnkd#NYSE">BNKD</a>) is linked to a 2x inverse leveraged participation in the performance of the Index which is compounded daily, minus the applicable fees. It provides exposure to the 10 largest U.S. banks and financial services companies and this ETN provides inverse leveraged exposure to the Solactive MicroSectors&trade; U.S. Big Banks Index.
3. &nbsp;Direxion Daily Small Cap Bear 3X Shares - Up 526.87% Over 1 Month
Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) offers three times leveraged exposure to &nbsp;companies in the Russell 3000&reg; Index. &nbsp;It invests in financial instruments that provide inverse or short leveraged exposure to the Index. The Russell 3000 is still up 14% for the year so investors should be looking out for some short term stocks to invest in.
4. Direxion Daily Financial Bear 3X Shares - Up 439.35% Over 1 Month&nbsp;
Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faz#NYSE">FAZ</a>) is a short-term trading tool that uses ETF and index swaps that provide inverse or short leveraged exposure. This index is a subset of the Russell 1000&reg; Index. It focuses on measuring the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market.
5. &nbsp;Direxion Daily Homebuilders &amp; Supplies Bull 3X Shares- Up 48.51% Over 1 Month
Direxion Daily Homebuilders &amp; Supplies Bull 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nail#NYSE">NAIL</a>) This ETN seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Home Construction Index. It creates long positions by investing at least 80% of its assets in the securities that make up this Index.

Commodities

NAIL

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.
<a href="https://www.benzinga.com/etfs">Exchange Traded Funds</a> (ETFs) are excellent tools to help investors gain exposure in specific sectors on the <a href="https://investmentfirms.com/how-does-the-stock-market-work/">stock market</a>. Here are the highest performing ETFs this week that you should watch out for.&nbsp;
<h3>1. &nbsp;Direxion Daily Small Cap Bear 3X Shares - Up 526.87% Over 1 Month</h3>
Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) offers three times leveraged exposure to companies in the Russell 3000&reg; Index. This stock uses ETF and index swaps that provide inverse or short leveraged exposure to the Index. Their 1 month price performance is up to 16.55% with an average trading volume of 6.37 million units.&nbsp;
<h3>&nbsp;2. Direxion Daily Financial Bear 3X Shares - Up 439.35% Over 1 Month&nbsp;</h3>
Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faz#NYSE">FAZ</a>) is a subset of the Russell 1000&reg; Index. It focuses on measuring the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It invests in swap agreements, futures contracts, and short positions that provide leveraged exposure to the index equal to at least 80% of the fund&#39;s assets. Their shares declined by 1% on Thursday along with many other stocks in the financial sector.
<h3>3. Direxion Daily Retail Bull 3x Shares - Up 42.08% Over 1 Month</h3>
Direxion Daily Retail Bull 3x Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/retl#NYSE">RETL</a>) seeks daily investment results, before fees and expenses, of 300% of the performance of the S&amp;P Retail Select Industry Index. The index is a modified equal-weighted index that measures the performance of the stocks that are classified in the GICS retail sub-industry. They recently declared a dividend of $0.0280 per share and their net assets equal 74 million.&nbsp;
<h3>4. Breakwave Dry Bulk Shipping ETF - Up 38.72% Over 1 Month</h3>
Breakwave Dry Bulk Shipping ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdry#NYSE">BDRY</a>) is an exchange-traded commodity that provides exposure to the charter rate of freight futures. It tracks an index of long-only exposure for dry bulk freight futures contracts. Breakwave is one of the top performing ETFs due to shipping numbers being up 124% this year.
<h3>5. VanEck Vectors Rare Earth/Strategic Metals ETF - Up 31.76% Over 1 Month</h3>
VanEck Vectors Rare Earth/Strategic Metals ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/remx#NYSE">REMX</a>) allows investors to participate in the rare earth metals industry. It tracks the performance of companies that produce, refine, and recycling of rare earth metals and materials. Their YTD Daily Total Returns are up to 10.30% with net assets that equal 672.22 million.&nbsp;
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

BDRY

Market Vectors Rare Earth/Strategic Metals Etf

REMX

RETL

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.
If a <a href="https://investmentfirms.com/third-stimulus-check/">third stimulus check</a> is headed your way, investing that money in an <a href="https://www.benzinga.com/etfs">exchange-traded fund</a> (ETF) could potentially pay off. ETFs are lower-risk investments that offer low management fees and allow investors to diversify their portfolios. Here are the highest performing ETFs this week that you should be watching out for.&nbsp;
<h3>1. &nbsp;Direxion Daily Small Cap Bear 3X Shares - Up 526.87% Over 1 Month</h3>
Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) offers three times leveraged exposure to companies in the Russell 3000&reg; Index.&nbsp; It invests in financial instruments that provide inverse or short leveraged exposure to the Index. They&#39;re up 9.14% today and their net assets equal 390.96M.&nbsp;
<h3>&nbsp;2. Direxion Daily Financial Bear 3X Shares - Up 439.35% Over 1 Month&nbsp;</h3>
Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faz#NYSE">FAZ</a>) is a short-term trading tool that uses ETF and index swaps that provide inverse or short leveraged exposure. This index is a subset of the Russell 1000&reg; Index. It focuses on measuring the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. This fund has 3,903,350 shares outstanding and dropped by 2.3% on Thursday.
3. Direxion Daily Retail Bull 3x Shares - Up 45.99% Over 1 Month
Direxion Daily Retail Bull 3x Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/retl#NYSE">RETL</a>) seeks daily investment results, before fees and expenses, of 300% of the performance of the S&amp;P Retail Select Industry Index. The index is a modified equal-weighted index that measures the performance of the stocks that are classified in the GICS retail sub-industry. The retail sector has been performing well and is up 54% so far this week due to consumers shopping more.&nbsp;
<h3>4. MicroSectors U.S. Big Oil Index 3X Leveraged ETN - Up 40.20% Over 1 Month</h3>
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgu#NYSE">NRGU</a>) is seeking a return of the notes to be linked in three-times leveraged participation of this stock&#39;s daily performance. The index is an equal-dollar weighted index that represents the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector. They are up 2.75% and their total net assets equal $448.700M.
<h3>5. VanEck Vectors Rare Earth/Strategic Metals ETF - Up 31.76% Over 1 Month</h3>
VanEck Vectors Rare Earth/Strategic Metals ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/remx#NYSE">REMX</a>) tracks the performance of companies involved in producing, refining, and recycling of rare earth and strategic metals and minerals. REMX offers investors the opportunity to participate in the rare earth metals arena, with much less risk involved.&nbsp;
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

NRGU

Let's Take A Look At This Weeks Highest Performing ETF

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.
<a href="https://www.benzinga.com/etfs">Exchange Traded funds</a> (ETFs) are excellent <a href="https://investmentfirms.com/investment-options/">investment</a> tools that can be purchased or sold on the stock market. Here are the highest performing ETFs this week that offer a wide variety of opportunities for investors.
<h3>1. &nbsp;Direxion Daily Small Cap Bear 3X Shares- Up 526.87% Over 1 Month</h3>
Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) is seeking daily investment results, of 300%, or 300% of the inverse, of the return of their benchmark index.
They recently underwent a 1-for-8 reverse split on March 3rd. The index measures the performance of small-capitalization companies in the Russell 3000&reg; Index. The measurements are based on the market capitalization and current index membership or each company.
<h3>&nbsp;2. Direxion Daily Financial Bear 3X Shares- Up 439.35% Over 1 Month&nbsp;</h3>
Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faz#NYSE">FAZ</a>) invests in financial opportunities that provide leveraged exposure to the index equal to at least 80% of the fund&#39;s assets.&nbsp;
This index is a subset of the Russell 1000&reg; Index. It focuses on measuring the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market.
<h3>3. MicroSectors U.S. Big Oil Index 3X Leveraged ETN - Up 105.01% Over 1 Month</h3>
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgu#NYSE">NRGU</a>) is seeking a return of the notes to be linked in three-times leveraged participation of this stock&#39;s daily performance. This index provides exposure to Solactive MicroSectors U.S. Big Oil Index.
MicroSectors U.S. Big Oil Index 3X Leveraged ETN was up 33% in the past week. Their fund is up over 150% this year and they have over $534 million sitting in their asset base.
<h3>4. Direxion Daily S&amp;P Oil &amp; Gas Exp. &amp; Prod. Bull 2X Shares- Up 62.63% Over 1 Month</h3>
Direxion Daily S&amp;P Oil &amp; Gas Exp. &amp; Prod. Bull 2X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gush#NYSE">GUSH</a>) is seeking daily investment results, before fees and expenses, of 200%, or 200% of the inverse based on the performance of the S&amp;P Oil &amp; Gas Exploration &amp; Production Select Industry Index.&nbsp;
They&#39;re trading an average daily volume of 2.5 million shares. This index measures the performance of a sub-industry or group of sub-industries for companies that work with oil and gas exploration and production. Energy stocks performed well this week as Direxion Daily S&amp;P Oil &amp; Gas Exp. &amp; Prod. Bull 2X Shares shot up 33% this week.
<h3>5. Direxion Daily S&amp;P Biotech Bear 3X Shares- Up 59.73% Over 1 Month</h3>
Direxion Daily S&amp;P Biotech Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/labd#NYSE">LABD</a>) is seeking daily investment results, before fees and expenses, of 300%, or 300% of the inverse, of the performance of the S&amp;P Biotechnology Select Industry Index.&nbsp;
The Index measures the performance of the biotechnology sub-industry. Inverse leveraged biotech ETFs performed really well this past week due to rising interest rates.
The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

GUSH

LABD

Let's Take A Look At This Weeks Highest Performing ETFs:

Many investors utilize <a href="https://www.benzinga.com/etfs" data-abc="true">exchange-traded funds </a>(ETFs) which are diversified securities that contain various <a href="https://investmentfirms.com/investment-options/" data-abc="true">investments</a> including stocks, commodities, and bonds. Here are the top-performing ETFs this week that have been providing investors with consistent returns.
<h3>1.  AdvisorShares Ranger Equity Bear ETF - Up 749.18% Over 1 Month </h3>
AdvisorShares Ranger Equity Bear ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdge#NYSE">HDGE</a>) is an investment tool that can be used to hedge equity exposure and measure capital appreciation from short sales. 
They aim to build a portfolio of short interests in large and small US-listed securities. HDGE is sub-advised by Ranger Alternative Management (Portfolio Manager) which implements a selection process to identify specified securities. 
<h3>2.  Direxion Daily Small Cap Bear 3X Shares- Up 526.87% Over 1 Month</h3>
 Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tza#NYSE">TZA</a>) is seeking daily investment results, of 300%, or 300% of the inverse, of the return of their benchmark index.
 This is a short-term trading tool that uses ETF and index swaps that provide inverse or short leveraged exposure to the Index. Direxion Daily small cap bear 3X shares are undergoing a 1:8 Stock Split and their net assets have soared up to 390.96M in 2021. 
<h3> 3. Direxion Daily Financial Bear 3X Shares- Up 439.35% Over 1 Month </h3>
Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/faz#NYSE">FAZ</a>) invests in swap agreements, futures contracts, and short positions that provide leveraged exposure to the index equal to at least 80% of the fund's assets. 
FAZ recently executed a reverse split on March 1, 2021. Shares of the Funds started trading on the NYSE Arca on a split-adjusted basis on Wednesday. Direxion Daily Financial Bear 3X shares were up 0.24% on March 4, 2021, due to many financial stocks trading much higher this week on the premarket. 
<h3>4. MicroSectors U.S. Big Oil Index 3X Leveraged ETN - Up 92.03% Over 1 Month</h3>
MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgu#NYSE">NRGU</a>) is seeking a return of the notes to be linked in three-times leveraged participation of this stock's daily performance. 
Microsectors Big Oil consists of some of the largest energy companies here in the United States. MicroSectors U.S. Big Oil Index 3X Leveraged ETN has been trading an average daily volume of nearly 400,000 shares this past week.
<h3>5. Breakwave Dry Bulk Shipping ETF - Up 61.32% Over 1 Month</h3>
Breakwave Dry Bulk Shipping ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdry#NYSE">BDRY</a>) Breakwave Dry Bulk Shipping is an exchange-traded commodity that provides exposure to the charter rate of freight futures.
They track an index of long-only exposure to the nearest calendar quarter for dry bulk freight futures contracts. On Tuesday, the Breakwave Dry Bulk Shipping ETF shot up 14% because miners have started to look for available shipping charters this past week in the United States.
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Let's Take A Look At This Weeks Highest Performing ETFs: AdvisorShares, Breakwave, MicroSectors

투자자들이 예측할 수 없는 시장 환경을 헤쳐나가면서 소형주가 부활의 기로에 서 있을 수 있다. 연방준비제도(연준)가 잠재적인 금리 인하를 신호하면서 상황은 곧 <a href="https://www.benzinga.com/trading-ideas/small-cap-analysis" target="_blank" rel="noopener" data-google-interstitial="false">더 낮은 차입 비용</a>으로 성장하는 기업들에 유리할 수 있다.
Benzinga와의 단독 인터뷰에서 디렉시온(Direxion)의 매니징 디렉터인 에드 이질린스키(Ed Egilinsky)는 진화하는 소형주 부문에 대한 자신의 견해를 공유했다.
그는 "소형주들은 사업 성장을 돕기 위해 부채에 더 의존하는 경향이 있으며, 낮은 금리로 차입하는 것이 순익에 도움이 될 수 있다"고 말했다. 잠재적인 금리 인하가 임박한 상황에서 이질린스키는 소형주 부문에 거래 기회가 있다고 믿고 있다.
참고: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40348381/small-caps-set-for-a-comeback-heres-why-they-deserve-your-attention">소형주가 반등할 준비가 되었나요? 그들이 주목받아야 하는 이유</a>
<h2 class="wp-block-heading">강세 vs 약세 논쟁: 트레이더들은 어디에 베팅해야 할까?</h2>
이러한 흐름을 타려는 사람들에게는 Direxion Small Cap Bull 3X Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNA#NYSE">TNA</a>) 및 Direxion Small Cap Bear 3X Shares(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TZA#NYSE">TZA</a>)와 같은 레버리지 ETF가 귀중한 도구가 될 수 있다. 이질린스키는 낙관적인 전망을 암시하는 최근 추세를 가리키며 &#8220;우리는 3x 강세 TNA를 통해 트레이더들이 강세 쪽으로 기울어지는 상당한 자금 유입을 보았다&#8221;고 말했다.
소형주에 대한 비차입형 다각적 노출을 원하는 투자자는 러셀 2000 지수를 추적하는 ETF를 고려할 수도 있다. 러셀 2000 지수는 2,000개 소형 기업들의 성과를 추적하는 가장 인기 있는 지수 중 하나이다. 이 지수를 추적하는 인기 ETF로는 iShares Russell 2000 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) 및 Vanguard Russell 2000 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTWO#NYSE">VTWO</a>)가 있다.
<h2 class="wp-block-heading">연준 정책, 시장 심리: 변동성의 조리법?</h2>
이질린스키는 연준이 소형주에 대한 잠재적인 피벗의 영향을 강조하면서 차입 비용이 감소함에 따라 이러한 회사들이 대형 회사들보다 더 나은 성과를 낼 수 있음을 시사했다.
"평균 회귀 이론을 고수한다면 어느 시점에서는 상대적 가치 평가 기준으로 볼 때 소형주가 대형주보다 더 나은 기회를 나타낼 수 있다고 믿을 수 있다"고 그가 설명했다.
적극적인 트레이더들은 시장의 강세와 약세 움직임을 모두 활용할 준비가 되어 있어야 하며 경계심을 유지해야 한다.
역동적인 한 해를 앞두고 소형주 부문은 지배적인 대형주를 넘어 포트폴리오를 다각화하려는 사람들에게 많은 기회를 제공한다.

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