JPMorgan Chase & Co. Makes New $1.56 Million Investment in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

JPMorgan Chase & Co. bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 35,283 shares of the exchange traded fund’s stock, valued at approximately $1,564,000. JPMorgan Chase & Co. owned approximately 0.06% of Direxion Daily Small Cap Bull 3X Shares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TNA. Farther Finance Advisors LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1,363.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 559 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 100.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 500 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at about $84,000. Hartford Financial Management Inc. boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 120.0% in the 3rd quarter. Hartford Financial Management Inc. now owns 2,750 shares of the exchange traded fund’s stock valued at $122,000 after buying an additional 1,500 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 79.4% in the 3rd quarter. Covestor Ltd now owns 4,028 shares of the exchange traded fund’s stock valued at $179,000 after buying an additional 1,783 shares in the last quarter.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

NYSEARCA:TNA opened at $46.20 on Friday. The company’s 50-day simple moving average is $47.27 and its 200-day simple moving average is $44.61. The stock has a market capitalization of $2.88 billion, a P/E ratio of 13.84 and a beta of 3.74. Direxion Daily Small Cap Bull 3X Shares has a fifty-two week low of $31.84 and a fifty-two week high of $58.00.

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.