🔴 TZA is trading 3.69% down as small caps rallied

TZA is trading at $45.01, down 3.69%, as small-cap gains weighed on the inverse fund amid a broad U.S. market rebound.

• TZA targets 300% of the inverse daily Russell 2000 performance, so rising small caps weigh on the fund.
• No confirmed TZA-specific announcement or catalyst was identified for November 4, 2026. A report that day showed the Russell 2000 up 1.71%.