Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up to $36.30

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $36.30, but opened at $37.26. Direxion Daily Small Cap Bull 3X Shares shares last traded at $37.26, with a volume of 4,711,233 shares changing hands.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The firm has a market cap of $2.29 billion, a PE ratio of 13.84 and a beta of 3.74. The stock has a 50-day moving average price of $37.13 and a 200 day moving average price of $37.53.

Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X Shares

A number of institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its position in Direxion Daily Small Cap Bull 3X Shares by 1,239.4% during the first quarter. Flow Traders U.S. LLC now owns 206,126 shares of the exchange traded fund’s stock valued at $8,847,000 after acquiring an additional 190,736 shares during the period. Covestor Ltd grew its position in Direxion Daily Small Cap Bull 3X Shares by 28.2% during the first quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock valued at $129,000 after acquiring an additional 663 shares during the period. Elevatus Welath Management grew its position in Direxion Daily Small Cap Bull 3X Shares by 15.1% during the first quarter. Elevatus Welath Management now owns 209,026 shares of the exchange traded fund’s stock valued at $8,971,000 after acquiring an additional 27,445 shares during the period. XR Securities LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the first quarter valued at about $670,000. Finally, Headlands Technologies LLC boosted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 957.7% in the first quarter. Headlands Technologies LLC now owns 21,165 shares of the exchange traded fund’s stock worth $908,000 after buying an additional 19,164 shares during the period.

About Direxion Daily Small Cap Bull 3X Shares

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.