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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $76.53 and last traded at $75.95, with a volume of 1504351 shares changing hands. The stock had previously closed at $75.11.

Direxion Daily Small Cap Bull 3X Shares Trading Down 2.0%

The stock has a market capitalization of $1.41 billion, a P/E ratio of 17.29 and a beta of 3.29. The business’s fifty day simple moving average is $66.52 and its two-hundred day simple moving average is $56.47.

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

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management increased its stake in Direxion Daily Small Cap Bull 3X Shares by 2,585.3% during the fourth quarter. Spire Wealth Management now owns 53,492 shares of the exchange traded fund’s stock valued at $2,436,000 after acquiring an additional 51,500 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter worth approximately $510,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock worth $39,608,000 after purchasing an additional 869,736 shares in the last quarter. RBF Capital LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at approximately $683,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Small Cap Bull 3X Shares by 154.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 29,268 shares of the exchange traded fund’s stock valued at $1,333,000 after purchasing an additional 17,772 shares during the period.

Direxion Daily Small Cap Bull 3X Shares Company Profile

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.