Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Reaches New 1-Year High at $43.18

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) reached a new 52-week high on Thursday . The stock traded as high as $43.18 and last traded at $42.80, with a volume of 3037468 shares trading hands. The stock had previously closed at $42.50.

Direxion Daily Small Cap Bull 3X Shares Stock Up 1.9 %

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 11.78 and a beta of 3.41. The company has a fifty day moving average price of $37.88 and a two-hundred day moving average price of $33.02.

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

Several hedge funds have recently modified their holdings of the stock. Westwood Wealth Management raised its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 0.5% during the 4th quarter. Westwood Wealth Management now owns 56,905 shares of the exchange traded fund’s stock worth $2,245,000 after buying an additional 260 shares during the last quarter. SP Asset Management LLC grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 0.4% during the 4th quarter. SP Asset Management LLC now owns 82,024 shares of the exchange traded fund’s stock worth $3,236,000 after purchasing an additional 337 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 279.0% during the 2nd quarter. Osaic Holdings Inc. now owns 974 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 717 shares during the period. Optimum Investment Advisors lifted its position in Direxion Daily Small Cap Bull 3X Shares by 36.4% during the 4th quarter. Optimum Investment Advisors now owns 3,000 shares of the exchange traded fund’s stock worth $118,000 after acquiring an additional 800 shares in the last quarter. Finally, Covestor Ltd acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth approximately $31,000.

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.