🔴 TZA is trading 3.1% down today as U.S. indexes rally

TZA is trading 3.1% down now at $43.62 after a broad U.S. market rally reduced demand for its three-times inverse small-cap exposure.

• The S&P 500 is up 0.85%, the Nasdaq Composite 1.41%, and the Dow 0.27%, creating a risk-on backdrop that pressures TZA.
• Futures also moved higher after the Federal Reserve’s September 16 rate hike, supporting the market rebound.