Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Reaches New 52-Week High – Should You Buy?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.82 and last traded at $52.44, with a volume of 7380015 shares. The stock had previously closed at $45.50.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The business’s 50 day moving average price is $43.22 and its 200-day moving average price is $40.50. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TNA. Farther Finance Advisors LLC boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 1,363.4% during the third quarter. Farther Finance Advisors LLC now owns 600 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 559 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 500 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the second quarter valued at about $68,000. ORG Wealth Partners LLC purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter valued at about $84,000. Finally, Hartford Financial Management Inc. lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 120.0% in the third quarter. Hartford Financial Management Inc. now owns 2,750 shares of the exchange traded fund’s stock valued at $122,000 after purchasing an additional 1,500 shares in 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.