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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.51 and last traded at $57.48, with a volume of 6538355 shares changing hands. The stock had previously closed at $53.78.

Direxion Daily Small Cap Bull 3X Shares Trading Up 0.4 %

The stock has a market capitalization of $3.45 billion, a P/E ratio of 13.84 and a beta of 3.74. The company has a fifty day simple moving average of $46.23 and a two-hundred day simple moving average of $41.98.

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

A number of institutional investors and hedge funds have recently modified their holdings of TNA. International Private Wealth Advisors LLC boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 5.6% during the third quarter. International Private Wealth Advisors LLC now owns 6,722 shares of the exchange traded fund’s stock worth $298,000 after buying an additional 358 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 1,363.4% during the third 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 during the period. LifeGuide Financial Advisors LLC increased its stake in Direxion Daily Small Cap Bull 3X Shares by 9.7% in the second quarter. LifeGuide Financial Advisors LLC now owns 8,259 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 733 shares in the last quarter. Finally, Viewpoint Capital Management LLC raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 7.6% in the second quarter. Viewpoint Capital Management LLC now owns 14,200 shares of the exchange traded fund’s stock worth $521,000 after purchasing an additional 1,000 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.