Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Sold by SP Asset Management LLC

SP Asset Management LLC cut its stake in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) by 29.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,979 shares of the exchange traded fund’s stock after selling 2,035 shares during the period. SP Asset Management LLC’s holdings in Direxion Daily Small Cap Bull 3X Shares were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TNA. Wealth Enhancement Advisory Services LLC increased its position in shares of Direxion Daily Small Cap Bull 3X Shares by 34.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,456 shares of the exchange traded fund’s stock valued at $375,000 after acquiring an additional 2,188 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of 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 valued at $27,000 after acquiring an additional 559 shares during the last quarter. Hollencrest Capital Management increased its position in shares of Direxion Daily Small Cap Bull 3X Shares by 5,277.3% during the third quarter. Hollencrest Capital Management now owns 482,773 shares of the exchange traded fund’s stock valued at $21,406,000 after acquiring an additional 473,795 shares during the last quarter. Covestor Ltd increased its position in shares of Direxion Daily Small Cap Bull 3X Shares by 79.4% during the third quarter. Covestor Ltd now owns 4,028 shares of the exchange traded fund’s stock valued at $179,000 after acquiring an additional 1,783 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its position in shares of Direxion Daily Small Cap Bull 3X Shares by 131.6% during the third quarter. Baker Avenue Asset Management LP now owns 55,000 shares of the exchange traded fund’s stock valued at $2,439,000 after acquiring an additional 31,250 shares during the last quarter.

Direxion Daily Small Cap Bull 3X Shares Price Performance

Shares of TNA opened at $33.92 on Thursday. Direxion Daily Small Cap Bull 3X Shares has a 1-year low of $31.35 and a 1-year high of $58.00. The stock has a market cap of $1.65 billion, a PE ratio of 15.60 and a beta of 3.46. The firm has a 50-day simple moving average of $42.29 and a two-hundred day simple moving average of $44.65.

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.