Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Hits New 12-Month High – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $62.94 and last traded at $62.93, with a volume of 2851537 shares changing hands. The stock had previously closed at $62.10.

Direxion Daily Small Cap Bull 3X Shares Trading Down 1.5%

The firm’s 50-day moving average price is $50.86 and its 200 day moving average price is $49.82. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.29 and a beta of 3.33.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Viewpoint Capital Management LLC raised its position in shares of Direxion Daily Small Cap Bull 3X Shares by 7.8% in the 1st quarter. Viewpoint Capital Management LLC now owns 27,800 shares of the exchange traded fund’s stock valued at $1,227,000 after buying an additional 2,000 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $76,000. Quadrature Capital Ltd acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $21,919,000. Himension Capital Singapore PTE. LTD. acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $510,000. Finally, RBF Capital LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $683,000.

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