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

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

Direxion Daily Small Cap Bull 3X Shares Trading Down 1.7 %

The business’s 50 day moving average is $41.55 and its 200 day moving average is $39.42. The stock has a market capitalization of $2.59 billion, a PE ratio of 13.84 and a beta of 3.74.

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

Large investors have recently added to or reduced their stakes in the stock. TB Alternative Assets Ltd. bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 1st quarter valued at about $20,426,000. Squarepoint Ops LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter valued at about $10,661,000. IMC Chicago LLC raised its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 1,221.5% during the 2nd quarter. IMC Chicago LLC now owns 246,514 shares of the exchange traded fund’s stock worth $9,040,000 after acquiring an additional 227,860 shares in the last quarter. Thames Capital Management LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth approximately $8,253,000. Finally, Flow Traders U.S. LLC raised its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 1,239.4% during the 1st quarter. Flow Traders U.S. LLC now owns 206,126 shares of the exchange traded fund’s stock worth $8,847,000 after acquiring an additional 190,736 shares in the last quarter.

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.