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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $74.06 and last traded at $73.82, with a volume of 705937 shares changing hands. The stock had previously closed at $71.77.

Direxion Daily Small Cap Bull 3X Shares Stock Up 1.7%

The company has a market cap of $1.78 billion, a P/E ratio of 17.29 and a beta of 3.32. The business’s 50 day moving average is $63.41 and its 200 day moving average is $54.90.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 5,290.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 582 shares during the last quarter. Tucker Asset Management LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth $31,000. Parallel Advisors LLC grew its stake in Direxion Daily Small Cap Bull 3X Shares by 147.5% during the 4th quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 450 shares during the last quarter. Western Wealth Management LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 1st quarter valued at about $38,000. Finally, Bank of America Corp DE raised its stake in Direxion Daily Small Cap Bull 3X Shares by 402.3% in the fourth quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 700 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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.