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

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped down prior to trading on Friday . The stock had previously closed at $49.82, but opened at $46.77. Direxion Daily Small Cap Bull 3X Shares shares last traded at $46.73, with a volume of 6,649,970 shares changing hands.

Direxion Daily Small Cap Bull 3X Shares Trading Down 6.9%

The firm has a market capitalization of $1.40 billion, a PE ratio of 17.29 and a beta of 3.42. The stock’s 50 day moving average price is $53.27 and its two-hundred day moving average price is $48.03.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

Several hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock worth $39,608,000 after acquiring an additional 869,736 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at $21,919,000. Sollinda Capital Management LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter worth about $19,753,000. UBS Group AG increased its position in Direxion Daily Small Cap Bull 3X Shares by 45.4% during the 3rd quarter. UBS Group AG now owns 298,311 shares of the exchange traded fund’s stock worth $13,496,000 after purchasing an additional 93,197 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its stake in Direxion Daily Small Cap Bull 3X Shares by 282.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 236,805 shares of the exchange traded fund’s stock valued at $7,942,000 after purchasing an additional 174,934 shares during the last quarter.

Direxion Daily Small Cap Bull 3X Shares Company 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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.