Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up to $33.82

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $33.82, but opened at $34.51. Direxion Daily Small Cap Bull 3X Shares shares last traded at $34.39, with a volume of 2,624,763 shares.

Direxion Daily Small Cap Bull 3X Shares Stock Down 0.6 %

The firm has a market capitalization of $1.97 billion, a PE ratio of 14.02 and a beta of 3.74. The firm’s fifty day simple moving average is $38.76 and its 200-day simple moving average is $33.87.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Toth Financial Advisory Corp raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 166.6% in the first quarter. Toth Financial Advisory Corp now owns 58,776 shares of the exchange traded fund’s stock worth $2,523,000 after buying an additional 36,728 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 10.3% in the first quarter. Hodges Capital Management Inc. now owns 43,000 shares of the exchange traded fund’s stock worth $1,846,000 after acquiring an additional 4,000 shares during the period. TB Alternative Assets Ltd. bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the first quarter worth approximately $20,426,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the first quarter worth approximately $801,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 411.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 314,597 shares of the exchange traded fund’s stock worth $12,411,000 after acquiring an additional 253,061 shares during the period.

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.