Tidal Investments LLC Makes New Investment in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

Tidal Investments LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 260,000 shares of the exchange traded fund’s stock, valued at approximately $11,528,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 1,363.4% during the 3rd 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 500 shares in the last quarter. ORG Partners LLC purchased a new stake 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. lifted its stake 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 valued at $122,000 after buying an additional 1,500 shares in the last quarter.

Direxion Daily Small Cap Bull 3X Shares Trading Down 4.1 %

Shares of Direxion Daily Small Cap Bull 3X Shares stock opened at $50.69 on Friday. The firm has a market capitalization of $3.16 billion, a PE ratio of 13.84 and a beta of 3.74. Direxion Daily Small Cap Bull 3X Shares has a twelve month low of $31.53 and a twelve month high of $58.00. The firm’s 50-day moving average price is $48.73 and its 200 day moving average price is $43.14.

Direxion Daily Small Cap Bull 3X Shares 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.