EverSource Wealth Advisors LLC Makes New $1.13 Million Investment in Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

EverSource Wealth Advisors LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,932 shares of the exchange traded fund’s stock, valued at approximately $1,128,000.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter worth about $1,564,000. BNP Paribas Financial Markets bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter worth about $372,000. Farther Finance Advisors LLC lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1,363.4% in the third 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 during the last quarter. Tidal Investments LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the third quarter worth about $11,528,000. Finally, Sims Investment Management LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter worth about $1,256,000.

Direxion Daily Small Cap Bull 3X Shares Trading Down 4.5 %

TNA stock opened at $28.89 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 15.03 and a beta of 3.52. Direxion Daily Small Cap Bull 3X Shares has a 12 month low of $28.40 and a 12 month high of $58.00. The firm has a 50-day moving average price of $41.13 and a 200-day moving average price of $44.27.

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.