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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares hit a new 52-week high on Thursday . The company traded as high as $77.10 and last traded at $76.25, with a volume of 693438 shares trading hands. The stock had previously closed at $75.51.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.29 and a beta of 3.31. The business has a 50-day moving average of $71.14 and a 200-day moving average of $60.82.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings 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 buying an additional 582 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at about $31,000. Parallel Advisors LLC lifted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 147.5% during the 4th quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 450 shares during the period. Bank of America Corp DE lifted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% during the 4th quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 700 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 1st quarter valued at approximately $38,000.

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.