Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Trading Down 16.6% – Here’s Why

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price were down 16.6% during trading on Thursday . The company traded as low as $26.23 and last traded at $25.53. Approximately 4,420,175 shares changed hands during trading, a decline of 71% from the average daily volume of 15,351,929 shares. The stock had previously closed at $30.63.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.70 and a beta of 3.52. The firm has a 50-day moving average price of $37.64 and a two-hundred day moving average price of $43.27.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.1033 dividend. This is a boost from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X Shares

Several institutional investors have recently made changes to their positions in the stock. TAP Consulting LLC raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 5.8% in the 4th quarter. TAP Consulting LLC now owns 5,591 shares of the exchange traded fund’s stock valued at $234,000 after buying an additional 305 shares during the last quarter. ORG Wealth Partners LLC lifted its holdings in shares of 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 worth $101,000 after purchasing an additional 496 shares during the period. Bank of America Corp DE grew its stake in shares of 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 worth $37,000 after purchasing an additional 700 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth about $38,000. Finally, Farther Finance Advisors LLC grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 154.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 925 shares during the last quarter.

Direxion Daily Small Cap Bull 3X Shares Company 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.