Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up to $36.30

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped up before the market opened on Friday . The stock had previously closed at $36.30, but opened at $37.26. Direxion Daily Small Cap Bull 3X Shares shares last traded at $37.26, with a volume of 4,711,233 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company’s fifty day simple moving average is $37.05 and its 200-day simple moving average is $37.46. The firm has a market capitalization of $2.29 billion, a PE ratio of 13.84 and a beta of 3.74.

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

A number of large investors have recently made changes to their positions in the stock. TB Alternative Assets Ltd. acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the first quarter valued at $20,426,000. Gainplan LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at $9,192,000. Flow Traders U.S. LLC lifted its position in Direxion Daily Small Cap Bull 3X Shares by 1,239.4% during the first quarter. Flow Traders U.S. LLC now owns 206,126 shares of the exchange traded fund’s stock valued at $8,847,000 after purchasing an additional 190,736 shares during the period. Elevatus Welath Management acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at $7,163,000. Finally, BNP Paribas Financial Markets acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at $5,918,000.

About Direxion Daily Small Cap Bull 3X Shares

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.