Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 52-Week High – Still a Buy?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $74.06 and last traded at $73.82, with a volume of 705937 shares traded. The stock had previously closed at $71.77.

Direxion Daily Small Cap Bull 3X Shares Trading Down 3.1%

The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 17.29 and a beta of 3.32. The firm’s 50 day moving average is $64.25 and its two-hundred day moving average is $55.27.

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

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock worth $39,608,000 after purchasing an additional 869,736 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter valued at $21,919,000. Royal Bank of Canada lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1,020,085.0% during the 1st quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock valued at $9,004,000 after acquiring an additional 204,017 shares in the last quarter. Jump Financial LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at $4,832,000. Finally, UBS Group AG increased its holdings in Direxion Daily Small Cap Bull 3X Shares by 45.4% in the 3rd quarter. UBS Group AG now owns 298,311 shares of the exchange traded fund’s stock valued at $13,496,000 after purchasing an additional 93,197 shares in the last quarter.

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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.