Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – What’s Next?

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped up prior to trading on Wednesday . The stock had previously closed at $22.79, but opened at $24.77. Direxion Daily Small Cap Bull 3X Shares shares last traded at $25.49, with a volume of 5,740,943 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The business’s 50-day moving average is $29.66 and its 200 day moving average is $40.66. The firm has a market capitalization of $1.65 billion, a P/E ratio of 12.36 and a beta of 3.31.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Copia Wealth Management lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 135.2% during the 1st quarter. Copia Wealth Management now owns 1,249 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 718 shares during the period. Bank of America Corp DE raised its position in Direxion Daily Small Cap Bull 3X Shares by 402.3% during the fourth quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after purchasing 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 $38,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 purchasing an additional 925 shares in the last quarter. Finally, ORG Wealth Partners LLC increased its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 26.1% in 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.

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.