Northwestern Mutual Wealth Management Co. Has $39.61 Million Stock Position in Direxion Daily Small Cap Bull 3X Shares $TNA

Northwestern Mutual Wealth Management Co. increased its position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) by 7,906,690.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 869,747 shares of the exchange traded fund’s stock after purchasing an additional 869,736 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Direxion Daily Small Cap Bull 3X Shares were worth $39,608,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Family Office Research LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth approximately $453,000. Axxcess Wealth Management LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth approximately $5,823,000. Spire Wealth Management raised its stake in Direxion Daily Small Cap Bull 3X Shares by 2,585.3% during the 4th quarter. Spire Wealth Management now owns 53,492 shares of the exchange traded fund’s stock worth $2,436,000 after buying an additional 51,500 shares during the period. JPMorgan Chase & Co. acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth approximately $510,000. Finally, Foundations Investment Advisors LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth approximately $710,000.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

TNA stock opened at $59.39 on Tuesday. The stock’s 50 day simple moving average is $52.99 and its 200 day simple moving average is $50.98. Direxion Daily Small Cap Bull 3X Shares has a fifty-two week low of $26.92 and a fifty-two week high of $67.61. The company has a market cap of $1.45 billion, a P/E ratio of 17.29 and a beta of 3.33.

About Direxion Daily Small Cap Bull 3X Shares

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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.