SBI Securities Co. Ltd. Reduces Stake in Direxion Daily Small Cap Bull 3X Shares $TNA

SBI Securities Co. Ltd. reduced its stake in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) by 73.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,976 shares of the exchange traded fund’s stock after selling 37,862 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Direxion Daily Small Cap Bull 3X Shares were worth $469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the first quarter worth $313,000. Ellis Investment Partners LLC raised its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 25.0% in the second quarter. Ellis Investment Partners LLC now owns 12,664 shares of the exchange traded fund’s stock valued at $425,000 after acquiring an additional 2,536 shares during the period. Baker Avenue Asset Management LP lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 28.4% in the 1st quarter. Baker Avenue Asset Management LP now owns 67,800 shares of the exchange traded fund’s stock worth $1,984,000 after acquiring an additional 15,000 shares during the last quarter. CPR Investments Inc. bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter worth about $737,000. Finally, Parkshore Wealth Management Inc. boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 163.8% during the 2nd quarter. Parkshore Wealth Management Inc. now owns 46,555 shares of the exchange traded fund’s stock worth $1,561,000 after purchasing an additional 28,909 shares during the period.

Direxion Daily Small Cap Bull 3X Shares Trading Up 0.7%

Shares of NYSEARCA:TNA opened at $41.48 on Friday. Direxion Daily Small Cap Bull 3X Shares has a 12 month low of $18.01 and a 12 month high of $58.00. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.29 and a beta of 3.42. The firm’s 50-day moving average is $45.59 and its 200 day moving average is $38.03.

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.