Sollinda Capital Management LLC Makes New $19.75 Million Investment in Direxion Daily Small Cap Bull 3X Shares $TNA

Sollinda Capital Management LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 436,625 shares of the exchange traded fund’s stock, valued at approximately $19,753,000. Direxion Daily Small Cap Bull 3X Shares makes up 5.4% of Sollinda Capital Management LLC’s portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also made changes to their positions in TNA. Farther Finance Advisors LLC boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 906.8% during the third quarter. Farther Finance Advisors LLC now owns 735 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 662 shares during the last quarter. Bank of America Corp DE lifted its position in Direxion Daily Small Cap Bull 3X Shares by 402.3% during the 4th quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 700 shares in the last quarter. CWM LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth about $40,000. FSA Wealth Management LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter valued at about $47,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the second quarter valued at about $50,000.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

Shares of NYSEARCA TNA opened at $54.10 on Tuesday. The stock has a 50 day moving average price of $50.65 and a 200 day moving average price of $45.22. Direxion Daily Small Cap Bull 3X Shares has a 52 week low of $18.01 and a 52 week high of $60.44. The stock has a market capitalization of $1.61 billion, a PE ratio of 17.29 and a beta of 3.42.

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