Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Up – Time to Buy?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $40.91, but opened at $44.06. Direxion Daily Small Cap Bull 3X Shares shares last traded at $43.95, with a volume of 6,394,058 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Stock Up 4.5 %

The stock has a market capitalization of $2.67 billion, a PE ratio of 13.84 and a beta of 3.74. The firm’s fifty day moving average is $48.42 and its 200-day moving average is $44.30.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter worth approximately $814,000. FNY Investment Advisers LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 224.4% in the 4th quarter. FNY Investment Advisers LLC now owns 42,500 shares of the exchange traded fund’s stock valued at $1,779,000 after purchasing an additional 29,400 shares during the last quarter. ORG Wealth Partners LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 26.1% in the 4th quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock valued at $101,000 after purchasing an additional 496 shares during the last quarter. Watts Gwilliam & Co. LLC boosted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 8.9% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 25,712 shares of the exchange traded fund’s stock valued at $1,100,000 after purchasing an additional 2,110 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at $1,564,000.

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.