UBS Group AG lowered its stake in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA – Free Report) by 66.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 100,556 shares of the exchange traded fund’s stock after selling 197,755 shares during the quarter. UBS Group AG’s holdings in Direxion Daily Small Cap Bull 3X Shares were worth $4,579,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in shares of 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 buying an additional 700 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 5,720.0% during the second quarter. Osaic Holdings Inc. now owns 2,328 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 2,288 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 490.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,772 shares of the exchange traded fund’s stock worth $81,000 after buying an additional 1,472 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter worth approximately $102,000. Finally, Qube Research & Technologies Ltd grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 60.3% during the third quarter. Qube Research & Technologies Ltd now owns 3,136 shares of the exchange traded fund’s stock worth $142,000 after buying an additional 1,180 shares in the last quarter.
Direxion Daily Small Cap Bull 3X Shares Trading Up 2.6%
TNA stock opened at $65.17 on Friday. Direxion Daily Small Cap Bull 3X Shares has a twelve month low of $26.92 and a twelve month high of $67.61. The company has a market capitalization of $1.59 billion, a P/E ratio of 17.29 and a beta of 3.33. The firm has a 50 day simple moving average of $54.16 and a 200-day simple moving average of $51.37.
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.
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