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) shares reached a new 52-week high 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 Price Performance

The company has a market cap of $3.45 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74. The firm has a fifty day simple moving average of $46.23 and a 200 day simple moving average of $41.98.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 1,363.4% in 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 last quarter. EverSource Wealth Advisors LLC increased its holdings 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 period. ORG Partners LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the second quarter valued at about $68,000. ORG Wealth Partners LLC bought 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. grew its position in Direxion Daily Small Cap Bull 3X Shares by 120.0% during the third 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 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.