Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Down 10.2%

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) were down 10.2% on Thursday . The stock traded as low as $43.16 and last traded at $43.30. Approximately 23,539,861 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 19,916,084 shares. The stock had previously closed at $48.20.

Direxion Daily Small Cap Bull 3X Shares Stock Down 10.8 %

The company’s fifty day moving average is $39.50 and its two-hundred day moving average is $38.32. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

Several large investors have recently bought and sold shares of TNA. Global Retirement Partners LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares in the first quarter worth $62,000. ORG Partners LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares in the second quarter worth $68,000. Headlands Technologies LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares in the fourth quarter worth $79,000. Larson Financial Group LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth $122,000. Finally, Covestor Ltd raised its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 28.2% during the first quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock worth $129,000 after acquiring an additional 663 shares during the period.

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.