Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Stock Price Down 8.4%

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price dropped 8.4% on Wednesday . The stock traded as low as $50.17 and last traded at $50.58, approximately 6,285,085 shares changed hands during mid-day trading. An increase of 62% from the average daily volume of 3,885,653 shares. The stock had previously closed at $55.23.

The stock’s 50-day moving average price is $60.30.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in Direxion Daily Small Cap Bull 3X Shares by 1,339.2% during the 2nd quarter. Morgan Stanley now owns 68,724 shares of the exchange traded fund’s stock valued at $4,283,000 after buying an additional 63,949 shares during the period. Baker Avenue Asset Management LP acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter valued at about $311,000. Gainplan LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter valued at about $1,869,000. SG Americas Securities LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter valued at about $125,000. Finally, Commonwealth Equity Services LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter valued at about $224,000.

Direxion Daily Small Cap Bull 3X Shares Company Profile (NYSEARCA:TNA)

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.

See Also: What impact do institutional investors have on markets?

Receive News & Ratings for Direxion Daily Small Cap Bull 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Small Cap Bull 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.