Direxion Daily Small Cap Bull 3X Shares Sees Unusually High Options Volume (NYSEARCA:TNA)

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) saw unusually large options trading on Thursday. Investors purchased 66,966 call options on the company. This represents an increase of approximately 17% compared to the average daily volume of 57,044 call options.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Large investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the 1st quarter valued at $62,000. ORG Partners LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter valued at $68,000. Headlands Technologies LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter valued at $79,000. Larson Financial Group LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter valued at $122,000. Finally, Covestor Ltd raised its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 28.2% in the 1st quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock valued at $129,000 after buying an additional 663 shares in the last quarter.

Direxion Daily Small Cap Bull 3X Shares Trading Down 11.6 %

Shares of Direxion Daily Small Cap Bull 3X Shares stock traded down $5.59 on Thursday, reaching $42.61. 39,650,160 shares of the company were exchanged, compared to its average volume of 20,025,678. The stock has a fifty day moving average price of $39.38 and a 200-day moving average price of $38.26. Direxion Daily Small Cap Bull 3X Shares has a fifty-two week low of $21.58 and a fifty-two week high of $51.14. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74.

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.