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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped down before the market opened on Friday . The stock had previously closed at $32.09, but opened at $31.00. Direxion Daily Small Cap Bull 3X Shares shares last traded at $30.76, with a volume of 3,067,549 shares.

Direxion Daily Small Cap Bull 3X Shares Trading Down 1.8 %

The business has a fifty day moving average price of $39.76 and a 200 day moving average price of $43.75. The firm has a market cap of $1.73 billion, a PE ratio of 15.03 and a beta of 3.52.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the third quarter worth $1,564,000. BNP Paribas Financial Markets acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter worth about $372,000. Tidal Investments LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter worth about $11,528,000. Sims Investment Management LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth about $1,256,000. Finally, ORG Wealth Partners LLC lifted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 26.1% during the fourth quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock worth $101,000 after purchasing an additional 496 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.