Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price gapped up before the market opened on Monday . The stock had previously closed at $31.46, but opened at $32.91. Direxion Daily Small Cap Bull 3X Shares shares last traded at $33.14, with a volume of 2,146,408 shares changing hands.

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

The stock has a market capitalization of $1.82 billion, a P/E ratio of 15.03 and a beta of 3.52. The company has a fifty day moving average price of $39.33 and a 200-day moving average price of $43.65.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.1033 per share. This is a boost from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03. The ex-dividend date is Tuesday, March 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. TAP Consulting LLC grew its position in Direxion Daily Small Cap Bull 3X Shares by 5.8% in the fourth quarter. TAP Consulting LLC now owns 5,591 shares of the exchange traded fund’s stock worth $234,000 after acquiring an additional 305 shares in the last quarter. ORG Wealth Partners LLC lifted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 26.1% in the 4th quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock valued at $101,000 after purchasing an additional 496 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% in the 4th 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. Bernard Wealth Management Corp. bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 154.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 925 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.