Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Hits New 12-Month High – Still a Buy?

by · The Cerbat Gem

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA – Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $52.82 and last traded at $52.44, with a volume of 7380015 shares. The stock had previously closed at $45.50.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company has a market cap of $3.33 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74. The stock has a 50 day simple moving average of $42.82 and a two-hundred day simple moving average of $40.32.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 5,277.3% during the third quarter. Hollencrest Capital Management now owns 482,773 shares of the exchange traded fund’s stock valued at $21,406,000 after acquiring an additional 473,795 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth approximately $10,661,000. IMC Chicago LLC boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 1,221.5% during the 2nd quarter. IMC Chicago LLC now owns 246,514 shares of the exchange traded fund’s stock valued at $9,040,000 after purchasing an additional 227,860 shares during the period. Thames Capital Management LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth about $8,253,000. Finally, Elevatus Welath Management grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 15.1% during the first quarter. Elevatus Welath Management now owns 209,026 shares of the exchange traded fund’s stock worth $8,971,000 after acquiring an additional 27,445 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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