Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 52-Week High – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $68.06 and last traded at $67.98, with a volume of 1279650 shares. The stock had previously closed at $65.17.

Direxion Daily Small Cap Bull 3X Shares Trading Up 3.9%

The stock’s fifty day moving average is $54.58 and its two-hundred day moving average is $51.56. The company has a market capitalization of $1.66 billion, a PE ratio of 17.29 and a beta of 3.33.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TNA. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 5,290.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 582 shares during the last quarter. Tucker Asset Management LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 4th quarter worth about $31,000. Parallel Advisors LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 147.5% in the 4th quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 450 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 worth $37,000 after buying an additional 700 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 1st quarter worth about $38,000.

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