Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management trimmed its position in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) by 70.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,978 shares of the exchange traded fund’s stock after selling 21,775 shares during the quarter. Hollencrest Capital Management’s holdings in Direxion Daily Small Cap Bull 3X Shares were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth approximately $68,000. Covestor Ltd lifted its position in Direxion Daily Small Cap Bull 3X Shares by 28.2% in the 1st quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock valued at $129,000 after purchasing an additional 663 shares during the last quarter. LifeGuide Financial Advisors LLC boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 9.7% during the 2nd quarter. LifeGuide Financial Advisors LLC now owns 8,259 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 733 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter worth about $305,000. Finally, Southern Capital Advisors LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the first quarter valued at approximately $411,000.

Direxion Daily Small Cap Bull 3X Shares Trading Up 6.2 %

Shares of NYSEARCA TNA opened at $45.93 on Friday. Direxion Daily Small Cap Bull 3X Shares has a 12-month low of $21.58 and a 12-month high of $51.14. The company has a market cap of $2.87 billion, a PE ratio of 13.84 and a beta of 3.74. The stock has a 50 day simple moving average of $41.84 and a 200-day simple moving average of $39.15.

Direxion Daily Small Cap Bull 3X Shares 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.