Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Hits New 1-Year High – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $76.53 and last traded at $75.95, with a volume of 1504351 shares trading hands. The stock had previously closed at $75.11.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The stock’s 50 day moving average is $65.99 and its 200 day moving average is $56.15. The company has a market capitalization of $1.86 billion, a PE ratio of 17.29 and a beta of 3.32.

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

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock worth $39,608,000 after acquiring an additional 869,736 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter valued at $21,919,000. UBS Group AG raised its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 45.4% during the 3rd quarter. UBS Group AG now owns 298,311 shares of the exchange traded fund’s stock valued at $13,496,000 after purchasing an additional 93,197 shares during the period. Royal Bank of Canada lifted its holdings in Direxion Daily Small Cap Bull 3X Shares by 1,020,085.0% during the 1st quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock worth $9,004,000 after purchasing an additional 204,017 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Direxion Daily Small Cap Bull 3X Shares by 131.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 121,176 shares of the exchange traded fund’s stock worth $4,064,000 after purchasing an additional 68,916 shares in the last quarter.

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