Direxion Daily Small Cap Bear 3X Shares ( $TZA) Gains +18% as Small Caps Retreat (See the latest news for any ticker on Tickeron.) TZA advanced roughly 18% over the past 30 days, reflecting a sharp September pullback in U.S. small-cap equities. Over the trailing quarter, the fund climbed about 15.5%, recovering from a mid-summer low after a volatile first half. The primary catalyst was a hawkish turn in Federal Reserve policy and a rise in long-term Treasury yields, which weighed disproportionately on rate-sensitive small caps. As a -3x inverse product, TZA gains when the Russell 2000 Index falls, magnifying small-cap weakness on a daily basis. $TWM $SRTY $RWM $HDGE Small-cap leadership faded as market breadth narrowed, shifting momentum back toward large-cap and AI-linked names.