Direxion Daily Small Cap Bull 3X ETF (NYSEARCA:TNA – Get Free Report)’s share price was up 9.6% on Monday. The company traded as high as $59.67 and last traded at $58.90. 6,111,227 shares changed hands during trading, a decline of 18% from the average session volume of 7,424,192 shares. The stock had previously closed at $53.73.
Direxion Daily Small Cap Bull 3X ETF Trading Up 9.6%
The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 17.29 and a beta of 3.40. The company’s 50-day moving average is $60.03 and its 200-day moving average is $61.17.
Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Direxion Daily Small Cap Bull 3X ETF by 1,020,085.0% during the 1st quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock worth $9,004,000 after buying an additional 204,017 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X ETF during the 1st quarter worth $1,714,000. Gainplan LLC acquired a new stake in Direxion Daily Small Cap Bull 3X ETF in the second quarter valued at about $5,783,000. Momentum Wealth Planning LLC acquired a new stake in Direxion Daily Small Cap Bull 3X ETF in the first quarter valued at about $2,616,000. Finally, Surience Private Wealth LLC acquired a new stake in Direxion Daily Small Cap Bull 3X ETF in the third quarter valued at about $913,000.
Direxion Daily Small Cap Bull 3X ETF 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.
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