Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Sets New 1-Year Low – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price reached a new 52-week low on Monday . The company traded as low as $18.01 and last traded at $18.18, with a volume of 7882710 shares traded. The stock had previously closed at $21.32.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

The stock has a 50-day moving average of $36.72 and a two-hundred day moving average of $42.99. The company has a market cap of $1.20 billion, a P/E ratio of 14.70 and a beta of 3.52.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.1033 per share. The ex-dividend date was Tuesday, March 25th. This is a positive change from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% in the 4th quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 700 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at approximately $38,000. Farther Finance Advisors LLC boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 154.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 925 shares during the period. ORG Wealth Partners LLC grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 26.1% in the fourth quarter. ORG Wealth Partners LLC now owns 2,400 shares of the exchange traded fund’s stock worth $101,000 after purchasing an additional 496 shares during the last quarter. Finally, Signaturefd LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter worth $210,000.

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.