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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) 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 trading hands.

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

The firm’s 50-day moving average is $38.76 and its 200-day moving average is $33.87. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 14.02 and a beta of 3.74.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Toth Financial Advisory Corp grew its position in Direxion Daily Small Cap Bull 3X Shares by 166.6% in the 1st quarter. Toth Financial Advisory Corp now owns 58,776 shares of the exchange traded fund’s stock worth $2,523,000 after purchasing an additional 36,728 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 10.3% during the 1st quarter. Hodges Capital Management Inc. now owns 43,000 shares of the exchange traded fund’s stock valued at $1,846,000 after acquiring an additional 4,000 shares during the period. TB Alternative Assets Ltd. bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 1st quarter valued at approximately $20,426,000. IMC Chicago LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 1st quarter valued at approximately $801,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 411.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 314,597 shares of the exchange traded fund’s stock valued at $12,411,000 after acquiring an additional 253,061 shares during the period.

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.