Direxion Daily Small Cap Bull 3X Shares Sees Unusually High Options Volume (NYSEARCA:TNA)

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNAGet Free Report) saw unusually large options trading activity on Friday. Traders acquired 50,811 call options on the company. This represents an increase of 72% compared to the average daily volume of 29,472 call options.

Direxion Daily Small Cap Bull 3X Shares Stock Up 2.6 %

Shares of NYSEARCA TNA opened at $26.83 on Friday. The firm has a 50-day simple moving average of $33.07 and a 200-day simple moving average of $32.76. The stock has a market capitalization of $932.34 million, a price-to-earnings ratio of 11.78 and a beta of 3.41. Direxion Daily Small Cap Bull 3X Shares has a 52 week low of $25.11 and a 52 week high of $46.33.

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

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 128.5% during the second quarter. Jane Street Group LLC now owns 176,016 shares of the exchange traded fund’s stock worth $5,773,000 after buying an additional 793,141 shares during the period. Elevatus Welath Management purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the second quarter worth about $5,426,000. Tower Research Capital LLC TRC boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 90.3% during the first quarter. Tower Research Capital LLC TRC now owns 271,921 shares of the exchange traded fund’s stock worth $8,759,000 after buying an additional 129,054 shares during the period. BNP Paribas Arbitrage SNC purchased a new position in Direxion Daily Small Cap Bull 3X Shares during the third quarter worth about $2,849,000. Finally, Bank of America Corp DE boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 99,028.4% during the first quarter. Bank of America Corp DE now owns 73,355 shares of the exchange traded fund’s stock worth $2,363,000 after buying an additional 73,281 shares during the period.

Direxion Daily Small Cap Bull 3X Shares Company Profile

(Get Free Report)

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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