Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 52-Week High – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $70.44 and last traded at $70.16, with a volume of 2720202 shares changing hands. The stock had previously closed at $67.99.

Direxion Daily Small Cap Bull 3X Shares Stock Up 2.5%

The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 17.29 and a beta of 3.32. The stock has a fifty day moving average price of $60.59 and a two-hundred day moving average price of $53.85.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Large investors have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC bought a new position in Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at about $5,823,000. Spire Wealth Management grew its position in Direxion Daily Small Cap Bull 3X Shares by 2,585.3% during the fourth quarter. Spire Wealth Management now owns 53,492 shares of the exchange traded fund’s stock worth $2,436,000 after buying an additional 51,500 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Small Cap Bull 3X Shares during the third quarter worth about $510,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock valued at $39,608,000 after purchasing an additional 869,736 shares in the last quarter. Finally, Great Hill Capital LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at $1,195,000.

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.