Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Gap Down to $63.41

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $64.72, but opened at $63.41. Direxion Daily Small Cap Bull 3X Shares shares last traded at $62.71, with a volume of 2,464,900 shares.

The firm’s 50 day moving average is $57.66 and its two-hundred day moving average is $58.65.

A number of institutional investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares during the second quarter worth about $5,277,000. SP Asset Management increased its holdings in Direxion Daily Small Cap Bull 3X Shares by 11.7% in the 3rd quarter. SP Asset Management now owns 84,466 shares of the exchange traded fund’s stock worth $4,781,000 after acquiring an additional 8,875 shares during the last quarter. Morgan Stanley increased its holdings in Direxion Daily Small Cap Bull 3X Shares by 1,339.2% in the 2nd quarter. Morgan Stanley now owns 68,724 shares of the exchange traded fund’s stock worth $4,283,000 after acquiring an additional 63,949 shares during the last quarter. Harvest Investment Services LLC increased its holdings in Direxion Daily Small Cap Bull 3X Shares by 1.0% in the 3rd quarter. Harvest Investment Services LLC now owns 68,426 shares of the exchange traded fund’s stock worth $3,586,000 after acquiring an additional 706 shares during the last quarter. Finally, Gainplan LLC bought a new position in Direxion Daily Small Cap Bull 3X Shares in the 2nd quarter worth about $1,869,000.

About Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

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.

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