Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Down 10.2%

Posted by Thomas Dobrow on Aug 1st, 2024

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA – Get Free Report) shares fell 10.2% on Thursday . The stock traded as low as $43.16 and last traded at $43.30. 23,539,861 shares were traded during mid-day trading, an increase of 18% from the average session volume of 19,916,084 shares. The stock had previously closed at $48.20.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The stock has a market cap of $2.71 billion, a PE ratio of 13.84 and a beta of 3.74. The stock has a 50-day simple moving average of $39.38 and a 200-day simple moving average of $38.26.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares in the first quarter valued at approximately $62,000. ORG Partners LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth $68,000. Headlands Technologies LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter worth $79,000. Larson Financial Group LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter worth $122,000. Finally, Covestor Ltd boosted its position in Direxion Daily Small Cap Bull 3X Shares by 28.2% in the 1st quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock valued at $129,000 after buying an additional 663 shares during the last quarter.

Direxion Daily Small Cap Bull 3X Shares Company Profile

(Get Free Report)

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.