Mercer Global Advisors Inc. ADV Makes New Investment in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

Mercer Global Advisors Inc. ADV bought a new position in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,000 shares of the exchange traded fund’s stock, valued at approximately $1,173,000.

A number of other institutional investors have also recently made changes to their positions in TNA. TAP Consulting LLC increased its position in shares of Direxion Daily Small Cap Bull 3X Shares by 5.8% during the 4th quarter. TAP Consulting LLC now owns 5,591 shares of the exchange traded fund’s stock valued at $234,000 after purchasing an additional 305 shares during the last quarter. ORG Wealth Partners LLC raised its position in Direxion Daily Small Cap Bull 3X Shares by 26.1% in the fourth quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock worth $101,000 after acquiring an additional 496 shares during the period. Bernard Wealth Management Corp. bought a new position in Direxion Daily Small Cap Bull 3X Shares in the fourth quarter worth approximately $38,000. Farther Finance Advisors LLC grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 154.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 925 shares during the period. Finally, Retirement Planning Co of New England Inc. increased its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 8.0% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 14,261 shares of the exchange traded fund’s stock worth $597,000 after purchasing an additional 1,052 shares in the last quarter.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

NYSEARCA TNA opened at $27.70 on Friday. The business’s fifty day moving average is $27.00 and its 200 day moving average is $39.29. Direxion Daily Small Cap Bull 3X Shares has a fifty-two week low of $18.01 and a fifty-two week high of $58.00. The company has a market capitalization of $1.82 billion, a PE ratio of 12.36 and a beta of 3.31.

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.