Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNAGet Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $40.91, but opened at $44.06. Direxion Daily Small Cap Bull 3X Shares shares last traded at $43.95, with a volume of 6,394,058 shares.

Direxion Daily Small Cap Bull 3X Shares Trading Up 4.5 %

The stock has a market cap of $2.67 billion, a PE ratio of 13.84 and a beta of 3.74. The company’s 50 day moving average is $48.42 and its 200-day moving average is $44.30.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 1,363.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 600 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 559 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 100.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 500 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at about $84,000. Hartford Financial Management Inc. boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 120.0% in the 3rd quarter. Hartford Financial Management Inc. now owns 2,750 shares of the exchange traded fund’s stock valued at $122,000 after buying an additional 1,500 shares during the period. Finally, Covestor Ltd boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 79.4% during the 3rd quarter. Covestor Ltd now owns 4,028 shares of the exchange traded fund’s stock valued at $179,000 after purchasing an additional 1,783 shares during the period.

About Direxion Daily Small Cap Bull 3X Shares

(Get Free Report)

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.

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