Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Down 5.8%

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price traded down 5.8% during trading on Tuesday . The stock traded as low as $41.70 and last traded at $41.78. 5,259,076 shares were traded during mid-day trading, a decline of 73% from the average session volume of 19,452,834 shares. The stock had previously closed at $44.34.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company’s 50-day moving average price is $41.70 and its two-hundred day moving average price is $39.37. The company has a market capitalization of $2.61 billion, a P/E ratio of 13.84 and a beta of 3.74.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Several hedge funds have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 10.3% in the 1st quarter. Hodges Capital Management Inc. now owns 43,000 shares of the exchange traded fund’s stock valued at $1,846,000 after purchasing an additional 4,000 shares during the period. IMC Chicago LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the first quarter valued at approximately $801,000. Headlands Technologies LLC grew its position in Direxion Daily Small Cap Bull 3X Shares by 957.7% during 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 in the last quarter. Virtu Financial LLC increased its stake in Direxion Daily Small Cap Bull 3X Shares by 140.1% during the 4th quarter. Virtu Financial LLC now owns 25,219 shares of the exchange traded fund’s stock worth $995,000 after acquiring an additional 14,715 shares during the period. Finally, Thames Capital Management LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter valued at $8,253,000.

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.