Representative Tim Moore, a member of the House Financial Services Committee, disclosed new trades showing a leveraged bet against U.S. small-cap stocks. The filings highlight recent purchases of a triple-leveraged bearish ETF tied to the Russell 2000 Index.
- Moore invested up to $215,000 in the Direxion Daily Small Cap Bear 3X Shares ETF ($TZA).
- The ETF delivers three times the inverse daily performance of the Russell 2000 Index, profiting when small-cap stocks decline.
- Transactions were made on August 21 and August 25, according to the disclosure.
- The investment suggests a bearish outlook on smaller U.S. companies and broader economic conditions.
- Moore’s position on the House Financial Services Committee gives him direct involvement in financial markets oversight, adding context to the trade.
Relevant Companies
- TZA – The Direxion Daily Small Cap Bear 3X Shares ETF benefits when small-cap stocks tracked by the Russell 2000 fall.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
