Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 12-Month High – Time to Buy?

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) hit a new 52-week high during trading on Monday . The company traded as high as $74.06 and last traded at $73.82, with a volume of 705937 shares traded. The stock had previously closed at $71.77.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The stock’s 50-day moving average price is $63.41 and its 200 day moving average price is $54.90. The firm has a market capitalization of $1.78 billion, a PE ratio of 17.29 and a beta of 3.32.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in Direxion Daily Small Cap Bull 3X Shares by 5,290.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 582 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth $31,000. Parallel Advisors LLC increased its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 147.5% during the fourth quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 450 shares during the period. Bank of America Corp DE increased its stake 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 buying an additional 700 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the first quarter valued at about $38,000.

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.