Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up to $38.96

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped up prior to trading on Friday . The stock had previously closed at $38.96, but opened at $40.25. Direxion Daily Small Cap Bull 3X Shares shares last traded at $40.44, with a volume of 2,550,085 shares.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company has a market cap of $2.61 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74. The company’s 50-day simple moving average is $41.44 and its 200-day simple moving average is $39.07.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of TNA. BNP Paribas Financial Markets bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter worth $5,918,000. Westwood Wealth Management grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 0.5% during the 4th quarter. Westwood Wealth Management now owns 56,905 shares of the exchange traded fund’s stock worth $2,245,000 after acquiring an additional 260 shares in the last quarter. Elevatus Welath Management acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 4th quarter valued at about $7,163,000. Austin Wealth Management LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth about $518,000. Finally, Virtu Financial LLC grew its stake in Direxion Daily Small Cap Bull 3X Shares by 140.1% in the fourth quarter. Virtu Financial LLC now owns 25,219 shares of the exchange traded fund’s stock worth $995,000 after purchasing an additional 14,715 shares in 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.