Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Down 8.9%

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price were down 8.9% during trading on Wednesday . The company traded as low as $27.20 and last traded at $27.27. Approximately 14,235,653 shares traded hands during trading, a decline of 14% from the average daily volume of 16,643,643 shares. The stock had previously closed at $29.93.

The business has a fifty day moving average of $33.59 and a 200 day moving average of $26.18.

Institutional investors have recently bought and sold shares of the stock. Optimum Investment Advisors grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 100.0% in the second quarter. Optimum Investment Advisors now owns 2,000 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 1,000 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter worth approximately $33,000. Ellis Investment Partners LLC grew its stake in Direxion Daily Small Cap Bull 3X Shares by 38.5% in the 2nd quarter. Ellis Investment Partners LLC now owns 4,677 shares of the exchange traded fund’s stock worth $124,000 after buying an additional 1,301 shares in the last quarter. Private Advisor Group LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter worth approximately $48,000. Finally, Carroll Financial Associates Inc. purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter worth approximately $68,000.

About Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

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.

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