Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 1-Year Low – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $27.46 and last traded at $28.54, with a volume of 3763116 shares. The stock had previously closed at $29.70.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The company’s 50 day moving average price is $38.58 and its 200-day moving average price is $43.52. The stock has a market cap of $1.67 billion, a P/E ratio of 14.70 and a beta of 3.52.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.1033 dividend. This is a positive change from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03. The ex-dividend date is Tuesday, March 25th.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

A number of hedge funds have recently bought and sold shares of TNA. Tidal Investments LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the third quarter worth about $11,528,000. Jump Financial LLC increased its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 213.7% during the 4th quarter. Jump Financial LLC now owns 254,454 shares of the exchange traded fund’s stock worth $10,657,000 after purchasing an additional 173,348 shares during the last quarter. Peregrine Investment Management Inc. bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 4th quarter worth approximately $10,051,000. Oriental Harbor Investment Fund purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the third quarter valued at approximately $7,720,000. Finally, Westwood Wealth Management grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 2.3% during the fourth quarter. Westwood Wealth Management now owns 95,205 shares of the exchange traded fund’s stock valued at $3,987,000 after purchasing an additional 2,125 shares during the period.

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.