Stock Traders Purchase Large Volume of Direxion Daily Small Cap Bull 3X Shares Call Options (NYSEARCA:TNA)

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) was the recipient of unusually large options trading on Thursday. Investors purchased 80,130 call options on the company. This is an increase of approximately 60% compared to the typical volume of 50,223 call options.

Direxion Daily Small Cap Bull 3X Shares Price Performance

Shares of TNA opened at $42.14 on Friday. The company has a market capitalization of $2.63 billion, a PE ratio of 13.84 and a beta of 3.74. Direxion Daily Small Cap Bull 3X Shares has a one year low of $21.58 and a one year high of $43.84. The company’s fifty day moving average price is $37.53 and its 200 day moving average price is $37.45.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 10,274.9% in the third quarter. Citigroup Inc. now owns 27,286 shares of the exchange traded fund’s stock worth $784,000 after acquiring an additional 27,023 shares during the last quarter. Optimum Investment Advisors grew its position in Direxion Daily Small Cap Bull 3X Shares by 36.4% in the 4th quarter. Optimum Investment Advisors now owns 3,000 shares of the exchange traded fund’s stock worth $118,000 after purchasing an additional 800 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 85.9% during the 4th quarter. Traynor Capital Management Inc. now owns 13,824 shares of the exchange traded fund’s stock worth $545,000 after purchasing an additional 6,386 shares during the period. CPR Investments Inc. bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth about $3,130,000. Finally, Americana Partners LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at about $454,000.

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.