Representative Tim Moore from the House Financial Services Committee revealed new trades indicating a bearish outlook on U.S. small-cap stocks. He invested up to $215,000 in the Direxion Daily Small Cap Bear 3X Shares ETF ($TZA), which profits from the decline of the Russell 2000 Index. The transactions took place on August 21 and August 25, reflecting Moore’s stance on smaller U.S. companies and overall economic conditions. As a member of the committee, Moore’s position adds depth to his trade. The Direxion Daily Small Cap Bear 3X Shares ETF benefits when small-cap stocks tracked by the Russell 2000 fall. Stay tuned for updates on this developing story.

Read more at Quiver Quantitative: Rep. Tim Moore, Financial Services Committee Member, Bets Against U.S. Small-Cap Stocks