Momentum Wealth Planning LLC Purchases New Shares in Direxion Daily Small Cap Bull 3X Shares $TNA

Momentum Wealth Planning LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 59,277 shares of the exchange traded fund’s stock, valued at approximately $2,616,000. Direxion Daily Small Cap Bull 3X Shares accounts for about 2.3% of Momentum Wealth Planning LLC’s portfolio, making the stock its 11th biggest holding. Momentum Wealth Planning LLC owned about 0.24% of Direxion Daily Small Cap Bull 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Ellis Investment Partners LLC increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1.3% during the fourth quarter. Ellis Investment Partners LLC now owns 15,633 shares of the exchange traded fund’s stock worth $712,000 after purchasing an additional 205 shares during the period. Orion Porfolio Solutions LLC raised its stake in Direxion Daily Small Cap Bull 3X Shares by 2.1% in the second quarter. Orion Porfolio Solutions LLC now owns 16,282 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 328 shares in the last quarter. Parallel Advisors LLC lifted its position in Direxion Daily Small Cap Bull 3X Shares by 147.5% during the fourth quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 450 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Direxion Daily Small Cap Bull 3X Shares by 5,290.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 582 shares during the period. Finally, Crosspoint Financial LLC grew its stake in Direxion Daily Small Cap Bull 3X Shares by 11.1% during the fourth quarter. Crosspoint Financial LLC now owns 6,019 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 601 shares in the last quarter.

Direxion Daily Small Cap Bull 3X Shares Stock Down 1.7%

TNA stock opened at $70.02 on Friday. The company’s 50-day moving average price is $68.63 and its two-hundred day moving average price is $58.18. The firm has a market cap of $1.38 billion, a P/E ratio of 17.29 and a beta of 3.29. Direxion Daily Small Cap Bull 3X Shares has a 12 month low of $31.33 and a 12 month high of $76.84.

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.