Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Stock Price Down 16.6% – Time to Sell?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) were down 16.6% during trading on Thursday . The stock traded as low as $26.23 and last traded at $25.53. Approximately 4,420,175 shares were traded during trading, a decline of 71% from the average daily volume of 15,351,929 shares. The stock had previously closed at $30.63.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 14.70 and a beta of 3.52. The company has a 50-day simple moving average of $36.72 and a two-hundred day simple moving average of $43.00.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.1033 dividend. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Direxion Daily Small Cap Bull 3X Shares by 402.3% in the fourth quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 700 shares during the period. Bernard Wealth Management Corp. bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter valued at $38,000. Farther Finance Advisors LLC raised its stake in Direxion Daily Small Cap Bull 3X Shares by 154.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 925 shares during the period. ORG Wealth Partners LLC lifted its holdings in Direxion Daily Small Cap Bull 3X Shares by 26.1% during 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. Finally, Signaturefd LLC bought a new position in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth $210,000.

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.