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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock 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.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The stock has a fifty day moving average of $39.33 and a 200 day moving average of $43.65. The company has a market capitalization of $1.82 billion, a P/E ratio of 15.03 and a beta of 3.52.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a dividend of $0.1033 per share. The ex-dividend date of this dividend is 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

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake 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 worth $37,000 after acquiring 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 worth approximately $38,000. Farther Finance Advisors LLC boosted its stake 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 worth $64,000 after purchasing an additional 925 shares during the period. ORG Wealth Partners LLC grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 26.1% during 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 in the last quarter. Finally, Signaturefd LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at approximately $210,000.

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.