Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – Here’s Why

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped up prior to trading on Monday . The stock had previously closed at $41.59, but opened at $44.09. Direxion Daily Small Cap Bull 3X Shares shares last traded at $45.21, with a volume of 5,677,950 shares changing hands.

Direxion Daily Small Cap Bull 3X Shares Stock Up 10.6%

The firm’s 50 day simple moving average is $52.53 and its 200-day simple moving average is $48.39. The company has a market capitalization of $1.39 billion, a PE ratio of 17.29 and a beta of 3.42.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% in the 4th 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. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth about $21,919,000. Sollinda Capital Management LLC purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter worth about $19,753,000. Elevatus Welath Management purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the second quarter worth about $6,801,000. Finally, Flow Traders U.S. LLC grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 282.7% in the second quarter. Flow Traders U.S. LLC now owns 236,805 shares of the exchange traded fund’s stock valued at $7,942,000 after buying an additional 174,934 shares in the last quarter.

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.