Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – Here’s Why

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price gapped up prior to trading on Monday . The stock had previously closed at $27.70, but opened at $30.96. Direxion Daily Small Cap Bull 3X Shares shares last traded at $30.65, with a volume of 5,259,475 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Stock Up 1.1%

The company has a market cap of $2.07 billion, a P/E ratio of 17.29 and a beta of 3.37. The stock has a 50 day moving average price of $26.91 and a two-hundred day moving average price of $39.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Direxion Daily Small Cap Bull 3X Shares by 402.3% during the fourth quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 700 shares during the period. Bernard Wealth Management Corp. acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 4th quarter valued at approximately $38,000. Copia Wealth Management lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 135.2% during the 1st quarter. Copia Wealth Management now owns 1,249 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 718 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 154.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 925 shares during the period. Finally, Canton Hathaway LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 1st quarter worth approximately $120,000.

Direxion Daily Small Cap Bull 3X Shares Company Profile

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.