Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Down to $31.39

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA – Get Rating)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $31.39, but opened at $28.94. Direxion Daily Small Cap Bull 3X Shares shares last traded at $29.02, with a volume of 5,373,557 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Stock Up 3.7 %

The company’s 50 day simple moving average is $38.43 and its 200 day simple moving average is $36.20.

Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X Shares

Several large investors have recently modified their holdings of TNA. UBS Group AG acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at approximately $30,000. Ellis Investment Partners LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 16.2% in the third quarter. Ellis Investment Partners LLC now owns 2,370 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 330 shares during the period. IFP Advisors Inc boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1,060.0% in the third quarter. IFP Advisors Inc now owns 2,320 shares of the exchange traded fund’s stock valued at $194,000 after acquiring an additional 2,120 shares during the period. MGO Private Wealth LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at approximately $202,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter valued at approximately $207,000.

About Direxion Daily Small Cap Bull 3X Shares

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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.