Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 12-Month High – Still a Buy?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $57.51 and last traded at $57.48, with a volume of 6538355 shares traded. The stock had previously closed at $53.78.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74. The business’s 50 day moving average price is $45.72 and its 200 day moving average price is $41.74.

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

Several hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position 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 acquiring an additional 559 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Direxion Daily Small Cap Bull 3X Shares by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth about $68,000. ORG Wealth Partners LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at about $84,000. Finally, Hartford Financial Management Inc. boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 120.0% in the 3rd quarter. Hartford Financial Management Inc. now owns 2,750 shares of the exchange traded fund’s stock worth $122,000 after buying an additional 1,500 shares during 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.