Momentum Wealth Planning LLC Acquires New Shares in Direxion Daily Small Cap Bull 3X Shares $TNA

Momentum Wealth Planning LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 59,277 shares of the exchange traded fund’s stock, valued at approximately $2,616,000. Direxion Daily Small Cap Bull 3X Shares comprises 2.3% of Momentum Wealth Planning LLC’s portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ellis Investment Partners LLC raised its stake in Direxion Daily Small Cap Bull 3X Shares by 1.3% during the fourth quarter. Ellis Investment Partners LLC now owns 15,633 shares of the exchange traded fund’s stock worth $712,000 after acquiring an additional 205 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 2.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,282 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 328 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 147.5% in the 4th quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 450 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 5,290.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 582 shares during the last quarter. Finally, Crosspoint Financial LLC grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 11.1% during the 4th quarter. Crosspoint Financial LLC now owns 6,019 shares of the exchange traded fund’s stock valued at $274,000 after purchasing an additional 601 shares during the last quarter.

Direxion Daily Small Cap Bull 3X Shares Price Performance

TNA stock opened at $70.02 on Friday. The company has a 50 day simple moving average of $68.63 and a 200 day simple moving average of $58.18. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 17.29 and a beta of 3.29. Direxion Daily Small Cap Bull 3X Shares has a 1 year low of $31.33 and a 1 year high of $76.84.

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