Sollinda Capital Management LLC Makes New $19.75 Million Investment in Direxion Daily Small Cap Bull 3X Shares $TNA

Sollinda Capital Management LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 436,625 shares of the exchange traded fund’s stock, valued at approximately $19,753,000. Direxion Daily Small Cap Bull 3X Shares accounts for about 5.4% of Sollinda Capital Management LLC’s portfolio, making the stock its 5th largest position. Sollinda Capital Management LLC owned about 1.00% of Direxion Daily Small Cap Bull 3X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of TNA. Flow Traders U.S. LLC grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 282.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 236,805 shares of the exchange traded fund’s stock valued at $7,942,000 after purchasing an additional 174,934 shares during the period. Elevatus Welath Management bought a new position in Direxion Daily Small Cap Bull 3X Shares in the second quarter valued at approximately $6,801,000. Simplex Trading LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 219.5% in the second quarter. Simplex Trading LLC now owns 140,768 shares of the exchange traded fund’s stock valued at $4,721,000 after buying an additional 96,716 shares during the period. Ridgepath Capital Management LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter worth $5,823,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 131.9% during the second quarter. Tower Research Capital LLC TRC now owns 121,176 shares of the exchange traded fund’s stock worth $4,064,000 after acquiring an additional 68,916 shares during the period.

Direxion Daily Small Cap Bull 3X Shares Trading Up 2.8%

TNA opened at $54.10 on Tuesday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 17.29 and a beta of 3.42. Direxion Daily Small Cap Bull 3X Shares has a 12 month low of $18.01 and a 12 month high of $60.44. The firm’s fifty day simple moving average is $50.65 and its 200 day simple moving average is $45.22.

Direxion Daily Small Cap Bull 3X Shares 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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.