Bernard Wealth Management Corp. Takes $38,000 Position in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

Bernard Wealth Management Corp. bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 909 shares of the exchange traded fund’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westwood Wealth Management grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 2.3% in the 4th quarter. Westwood Wealth Management now owns 95,205 shares of the exchange traded fund’s stock valued at $3,987,000 after acquiring an additional 2,125 shares during the period. JPMorgan Chase & Co. grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 22.3% during the fourth quarter. JPMorgan Chase & Co. now owns 43,167 shares of the exchange traded fund’s stock worth $1,808,000 after purchasing an additional 7,884 shares during the period. TAP Consulting LLC increased its position in Direxion Daily Small Cap Bull 3X Shares by 5.8% during the fourth quarter. TAP Consulting LLC now owns 5,591 shares of the exchange traded fund’s stock worth $234,000 after buying an additional 305 shares during the last quarter. Retirement Planning Co of New England Inc. raised its stake in Direxion Daily Small Cap Bull 3X Shares by 8.0% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 14,261 shares of the exchange traded fund’s stock valued at $597,000 after buying an additional 1,052 shares during the period. Finally, Signaturefd LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at approximately $210,000.

Direxion Daily Small Cap Bull 3X Shares Trading Down 8.0 %

TNA stock opened at $19.12 on Wednesday. Direxion Daily Small Cap Bull 3X Shares has a 1-year low of $18.01 and a 1-year high of $58.00. The business’s 50 day simple moving average is $35.23 and its 200 day simple moving average is $42.47. The firm has a market capitalization of $1.12 billion, a PE ratio of 14.70 and a beta of 3.52.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

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

Direxion Daily Small Cap Bull 3X Shares 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.