Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – Still a Buy?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price gapped up prior to trading on Monday . The stock had previously closed at $31.46, but opened at $32.91. Direxion Daily Small Cap Bull 3X Shares shares last traded at $33.14, with a volume of 2,146,408 shares changing hands.

Direxion Daily Small Cap Bull 3X Shares Trading Up 7.1 %

The company’s fifty day moving average is $39.60 and its two-hundred day moving average is $43.71. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 15.03 and a beta of 3.52.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Direxion Daily Small Cap Bull 3X Shares by 402.3% in the 4th quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 700 shares during the period. Bernard Wealth Management Corp. purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter valued at approximately $38,000. Farther Finance Advisors LLC boosted its position in Direxion Daily Small Cap Bull 3X Shares by 154.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 925 shares during the period. ORG Wealth Partners LLC boosted its position in Direxion Daily Small Cap Bull 3X Shares by 26.1% in the 4th quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock valued at $101,000 after buying an additional 496 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at approximately $222,000.

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.