Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – What’s Next?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $20.79, but opened at $22.88. Direxion Daily Small Cap Bull 3X Shares shares last traded at $22.67, with a volume of 2,920,486 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The firm has a market cap of $1.25 billion, a P/E ratio of 14.70 and a beta of 3.52. The stock’s 50 day simple moving average is $36.25 and its 200 day simple moving average is $42.81.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.1033 per share. The ex-dividend date was Tuesday, March 25th. This is an increase from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03.

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

Hedge funds have recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter worth approximately $78,000. Blue Sky Capital Consultants Group Inc. purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at approximately $1,222,000. Bank of America Corp DE raised its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% during the fourth 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 in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Direxion Daily Small Cap Bull 3X Shares in the fourth quarter worth $1,173,000. Finally, GG Group Ventures LLC boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 77.4% in the fourth quarter. GG Group Ventures LLC now owns 69,798 shares of the exchange traded fund’s stock valued at $2,923,000 after acquiring an additional 30,459 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.