Sheaff Brock Investment Advisors LLC Trims Stock Position in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

Sheaff Brock Investment Advisors LLC cut its stake in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) by 63.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the exchange traded fund’s stock after selling 35,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Direxion Daily Small Cap Bull 3X Shares were worth $858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the 1st quarter valued at approximately $62,000. Headlands Technologies LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $79,000. Covestor Ltd increased its position in Direxion Daily Small Cap Bull 3X Shares by 28.2% during the 1st quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock worth $129,000 after purchasing an additional 663 shares during the period. Larson Financial Group LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $122,000. Finally, Ellis Investment Partners LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 4th quarter worth approximately $354,000.

Direxion Daily Small Cap Bull 3X Shares Stock Up 5.0 %

Shares of TNA traded up $2.29 on Friday, reaching $48.44. The stock had a trading volume of 29,233,191 shares, compared to its average volume of 19,700,850. The firm has a market capitalization of $3.02 billion, a PE ratio of 13.84 and a beta of 3.74. The firm has a 50-day moving average of $38.94 and a 200 day moving average of $37.99. Direxion Daily Small Cap Bull 3X Shares has a twelve month low of $21.58 and a twelve month high of $50.44.

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.