FNY Investment Advisers LLC Boosts Stake in Direxion Daily Small Cap Bull 3X Shares $TNA

FNY Investment Advisers LLC lifted its stake in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) by 4,900.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 30,000 shares of the exchange traded fund’s stock after acquiring an additional 29,400 shares during the period. FNY Investment Advisers LLC owned approximately 0.07% of Direxion Daily Small Cap Bull 3X Shares worth $1,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Family Office Research LLC bought a new position in Direxion Daily Small Cap Bull 3X Shares in the third quarter valued at $453,000. SLT Holdings LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares during the third quarter worth about $701,000. Encompass More Asset Management boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 178.2% in the 3rd quarter. Encompass More Asset Management now owns 84,764 shares of the exchange traded fund’s stock worth $3,835,000 after purchasing an additional 54,300 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter worth about $5,823,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at about $710,000.

Direxion Daily Small Cap Bull 3X Shares Trading Down 4.8%

Shares of NYSEARCA TNA opened at $43.71 on Thursday. The stock’s 50-day moving average is $52.92 and its 200 day moving average is $48.32. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 17.29 and a beta of 3.42. Direxion Daily Small Cap Bull 3X Shares has a 1-year low of $18.01 and a 1-year high of $60.44.

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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.