Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 12-Month High – Here’s Why

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares reached a new 52-week high on Tuesday . The stock traded as high as $68.06 and last traded at $67.98, with a volume of 1279650 shares. The stock had previously closed at $65.17.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company’s 50-day moving average is $55.55 and its two-hundred day moving average is $51.90. The firm has a market cap of $1.68 billion, a P/E ratio of 17.29 and a beta of 3.33.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in Direxion Daily Small Cap Bull 3X Shares by 5,290.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 582 shares during the period. Tucker Asset Management LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth about $31,000. Parallel Advisors LLC lifted its position in Direxion Daily Small Cap Bull 3X Shares by 147.5% during the fourth quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 450 shares during the period. Bank of America Corp DE lifted its position in Direxion Daily Small Cap Bull 3X Shares by 402.3% during the fourth quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 700 shares during the period. Finally, Western Wealth Management LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares during the first quarter worth about $38,000.

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.