Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 12-Month High – Here’s Why

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $77.10 and last traded at $76.25, with a volume of 693438 shares trading hands. The stock had previously closed at $75.51.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The stock has a 50-day simple moving average of $70.71 and a 200-day simple moving average of $60.57. The stock has a market cap of $1.49 billion, a P/E ratio of 17.29 and a beta of 3.31.

Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X Shares

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock valued at $39,608,000 after purchasing an additional 869,736 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth $21,919,000. UBS Group AG grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 45.4% during the third quarter. UBS Group AG now owns 298,311 shares of the exchange traded fund’s stock worth $13,496,000 after buying an additional 93,197 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1,020,085.0% during the first quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock worth $9,004,000 after buying an additional 204,017 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 131.9% during the second quarter. Tower Research Capital LLC TRC now owns 121,176 shares of the exchange traded fund’s stock worth $4,064,000 after buying an additional 68,916 shares in the last quarter.

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.