Congressman Tim Moore accumulates massive TZA position while sitting on Financial Services and Budget committees.
Congressman Tim Moore has been quietly accumulating massive amounts of TZA, a 3X-leveraged ETF that rises when the Russell 2000 Index, which tracks small-cap U.S. companies, falls. In plain terms, he is betting aggressively against the very market that represents thousands of American businesses. This is not ordinary speculation. Moore sits on the House Committees …