Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Hits New 12-Month High – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares reached a new 52-week high on Friday . The stock traded as high as $70.44 and last traded at $70.16, with a volume of 2720202 shares changing hands. The stock had previously closed at $67.99.

Direxion Daily Small Cap Bull 3X Shares Stock Up 2.5%

The stock has a market cap of $1.70 billion, a P/E ratio of 17.29 and a beta of 3.32. The business’s 50-day simple moving average is $60.59 and its two-hundred day simple moving average is $53.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TNA. Bank of America Corp DE raised its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% in 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. Integrated Wealth Concepts LLC grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 11.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,241 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 854 shares during the period. NewEdge Advisors LLC raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 36.1% in the 1st quarter. NewEdge Advisors LLC now owns 12,365 shares of the exchange traded fund’s stock valued at $362,000 after buying an additional 3,280 shares during the period. Group One Trading LLC raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 402.6% in the 2nd quarter. Group One Trading LLC now owns 5,101 shares of the exchange traded fund’s stock valued at $171,000 after buying an additional 4,086 shares during the period. Finally, Modern Wealth Management LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter valued at about $234,000.

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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.