Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Reaches New 1-Year High – Time to Buy?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares hit a new 52-week high on Thursday . The company traded as high as $52.47 and last traded at $52.5340, with a volume of 7184531 shares traded. The stock had previously closed at $50.68.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The business has a fifty day simple moving average of $46.42 and a 200 day simple moving average of $42.83. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 17.29 and a beta of 3.42.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TNA. Farther Finance Advisors LLC boosted its position in Direxion Daily Small Cap Bull 3X Shares by 906.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 662 shares during the period. Bank of America Corp DE boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% during the fourth quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 700 shares during the period. CWM LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at approximately $40,000. FSA Wealth Management LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter valued at approximately $47,000. Finally, Manchester Capital Management LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter worth approximately $50,000.

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