240,000 Shares in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Bought by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. bought a new stake in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the fourth quarter, Holdings Channel reports. The institutional investor bought 240,000 shares of the exchange traded fund’s stock, valued at approximately $10,051,000. Direxion Daily Small Cap Bull 3X Shares accounts for approximately 5.8% of Peregrine Investment Management Inc.’s holdings, making the stock its 4th biggest position.

Several other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 1,363.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 600 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 559 shares during the last quarter. ORG Wealth Partners LLC raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 26.1% during the fourth quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock valued at $101,000 after buying an additional 496 shares in the last quarter. Hartford Financial Management Inc. lifted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 120.0% in 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 during the last quarter. Covestor Ltd boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 79.4% during the 3rd quarter. Covestor Ltd now owns 4,028 shares of the exchange traded fund’s stock worth $179,000 after acquiring an additional 1,783 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at about $222,000.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

Shares of TNA stock opened at $43.73 on Friday. The stock’s 50 day simple moving average is $44.53 and its 200 day simple moving average is $44.65. Direxion Daily Small Cap Bull 3X Shares has a twelve month low of $31.84 and a twelve month high of $58.00. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.84 and a beta of 3.74.

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.