Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Hits New 1-Year High – Here’s What Happened

by · The Markets Daily

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA – Get Free Report)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $52.42 and last traded at $51.2670, with a volume of 3578489 shares changing hands. The stock had previously closed at $52.21.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The company has a 50-day simple moving average of $45.72 and a 200-day simple moving average of $40.22. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 17.29 and a beta of 3.42.

Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X Shares

Several institutional investors have recently made changes to their positions in TNA. Sollinda Capital Management LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter valued at about $19,753,000. Peregrine Investment Management Inc. acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter valued at approximately $10,062,000. Elevatus Welath Management purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth approximately $6,801,000. Flow Traders U.S. LLC grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 282.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 236,805 shares of the exchange traded fund’s stock worth $7,942,000 after acquiring an additional 174,934 shares during the period. Finally, Ridgepath Capital Management LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at approximately $5,823,000.

Direxion Daily Small Cap Bull 3X Shares Company Profile

(Get Free Report)

Direxion Daily Small Cap Bull 3X Shares (the Fund), formerly Direxion Small Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The Small Cap Index measures the performance of the small-cap segment of the United States equity universe, and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index.

Recommended Stories