Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 12-Month Low – What’s Next?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $30.47 and last traded at $30.60, with a volume of 10784000 shares changing hands. The stock had previously closed at $32.60.

Direxion Daily Small Cap Bull 3X Shares Stock Down 7.6 %

The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.60 and a beta of 3.46. The business has a 50-day moving average of $41.83 and a two-hundred day moving average of $44.55.

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

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 1,363.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 559 shares in the last quarter. Bank of America Corp DE boosted its position 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 in the last quarter. Bernard Wealth Management Corp. bought a new stake in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth about $38,000. ORG Wealth Partners LLC grew its stake in Direxion Daily Small Cap Bull 3X Shares by 26.1% during the fourth quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock worth $101,000 after buying an additional 496 shares during the last quarter. Finally, Covestor Ltd increased its holdings 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 worth $179,000 after buying an additional 1,783 shares in the last quarter.

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.