Direxion Daily Small Cap Bull 3X Shares Sees Unusually Large Options Volume (NYSEARCA:TNA)

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) was the target of unusually large options trading activity on Friday. Traders acquired 68,798 call options on the company. This is an increase of 36% compared to the average daily volume of 50,673 call options.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jump Financial LLC grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 213.7% in the 4th quarter. Jump Financial LLC now owns 254,454 shares of the exchange traded fund’s stock worth $10,657,000 after acquiring an additional 173,348 shares in the last quarter. Peregrine Investment Management Inc. bought a new position in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at about $10,051,000. TB Alternative Assets Ltd. grew its position in Direxion Daily Small Cap Bull 3X Shares by 80.6% during the first quarter. TB Alternative Assets Ltd. now owns 129,106 shares of the exchange traded fund’s stock valued at $3,778,000 after buying an additional 57,601 shares during the period. Westwood Wealth Management grew its position in Direxion Daily Small Cap Bull 3X Shares by 2.3% during the fourth quarter. Westwood Wealth Management now owns 95,205 shares of the exchange traded fund’s stock valued at $3,987,000 after buying an additional 2,125 shares during the period. Finally, Spire Wealth Management grew its position in Direxion Daily Small Cap Bull 3X Shares by 6.6% during the first quarter. Spire Wealth Management now owns 81,123 shares of the exchange traded fund’s stock valued at $2,374,000 after buying an additional 5,056 shares during the period.

Direxion Daily Small Cap Bull 3X Shares Trading Up 4.7%

Shares of TNA opened at $31.92 on Friday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 17.29 and a beta of 3.34. The firm has a fifty day simple moving average of $26.46 and a 200 day simple moving average of $36.80. Direxion Daily Small Cap Bull 3X Shares has a 12 month low of $18.01 and a 12 month high of $58.00.

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.