JPMorgan Chase & Co. Acquires Shares of 11,269 Direxion Daily Small Cap Bull 3X Shares $TNA

JPMorgan Chase & Co. acquired a new stake in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) in the third quarter, Holdings Channel reports. The fund acquired 11,269 shares of the exchange traded fund’s stock, valued at approximately $510,000.

A number of other hedge funds have also recently added to or reduced their stakes in TNA. Sollinda Capital Management LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at approximately $19,753,000. Ridgepath Capital Management LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at approximately $5,823,000. Axxcess Wealth Management LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at approximately $5,823,000. Jump Financial LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at approximately $4,832,000. Finally, UBS Group AG boosted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 45.4% during the third quarter. UBS Group AG now owns 298,311 shares of the exchange traded fund’s stock valued at $13,496,000 after buying an additional 93,197 shares during the last quarter.

Direxion Daily Small Cap Bull 3X Shares Stock Up 4.3%

Shares of NYSEARCA:TNA opened at $53.57 on Tuesday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 17.29 and a beta of 3.23. Direxion Daily Small Cap Bull 3X Shares has a 12-month low of $20.45 and a 12-month high of $60.44. The business’s 50 day moving average is $49.60 and its 200 day moving average is $48.64.

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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.