Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Down – Here’s Why

Posted by Faye Duncan on Nov 19th, 2024

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $47.66, but opened at $46.13. Direxion Daily Small Cap Bull 3X Shares shares last traded at $46.40, with a volume of 3,345,167 shares changing hands.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company has a fifty day moving average price of $44.78 and a two-hundred day moving average price of $41.39. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74.

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

Several large investors have recently modified their holdings of the stock. Discipline Wealth Solutions LLC purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at approximately $399,000. Orion Portfolio Solutions LLC increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 57.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,597 shares of the exchange traded fund’s stock valued at $825,000 after purchasing an additional 6,797 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter worth approximately $222,000. Vienna Asset Management LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the third quarter valued at approximately $333,000. Finally, Symmetry Peak Management LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at $292,000.

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.