Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 52-Week High – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.06 and last traded at $67.98, with a volume of 1279650 shares trading hands. The stock had previously closed at $65.17.

Direxion Daily Small Cap Bull 3X Shares Trading Up 3.9%

The firm’s 50-day moving average is $54.58 and its 200-day moving average is $51.56. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 17.29 and a beta of 3.33.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

A number of hedge funds have recently bought and sold shares of TNA. Northwestern Mutual Wealth Management Co. boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock worth $39,608,000 after acquiring an additional 869,736 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth $21,919,000. Sollinda Capital Management LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth $19,753,000. Royal Bank of Canada boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 1,020,085.0% during the 1st quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock worth $9,004,000 after acquiring an additional 204,017 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth $5,823,000.

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.