Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Down – Time to Sell?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped down prior to trading on Wednesday . The stock had previously closed at $43.70, but opened at $41.69. Direxion Daily Small Cap Bull 3X Shares shares last traded at $42.11, with a volume of 4,404,829 shares traded.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The stock has a market cap of $2.65 billion, a PE ratio of 13.84 and a beta of 3.74. The stock has a 50-day moving average price of $45.16 and a two-hundred day moving average price of $44.71.

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

Several large investors have recently added to or reduced their stakes in TNA. Farther Finance Advisors LLC boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 1,363.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 600 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 559 shares during the period. ORG Wealth Partners LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the third quarter worth about $84,000. Hartford Financial Management Inc. boosted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 120.0% during the third quarter. Hartford Financial Management Inc. now owns 2,750 shares of the exchange traded fund’s stock valued at $122,000 after buying an additional 1,500 shares during the period. Covestor Ltd grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 79.4% during the third quarter. Covestor Ltd now owns 4,028 shares of the exchange traded fund’s stock valued at $179,000 after buying an additional 1,783 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at approximately $222,000.

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.