Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up to $37.12

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $37.12, but opened at $39.54. Direxion Daily Small Cap Bull 3X Shares shares last traded at $39.22, with a volume of 4,031,172 shares changing hands.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74. The business has a fifty day simple moving average of $39.27 and a 200 day simple moving average of $38.43.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 100.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 1st quarter worth approximately $62,000. ORG Partners LLC bought a new position in Direxion Daily Small Cap Bull 3X Shares in the second quarter worth approximately $68,000. Headlands Technologies LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at approximately $79,000. Finally, Covestor Ltd grew its stake in Direxion Daily Small Cap Bull 3X Shares by 28.2% in the first quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock valued at $129,000 after acquiring an additional 663 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.