Traders Purchase Large Volume of Call Options on Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) was the recipient of some unusual options trading on Friday. Stock investors purchased 77,497 call options on the stock. This is an increase of 36% compared to the average volume of 56,857 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TNA. EverSource Wealth Advisors LLC grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 500 shares during the period. Global Retirement Partners LLC bought a new stake in Direxion Daily Small Cap Bull 3X Shares during the first quarter worth about $62,000. ORG Partners LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the second quarter worth approximately $68,000. Covestor Ltd increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 28.2% in the first quarter. Covestor Ltd now owns 3,012 shares of the exchange traded fund’s stock worth $129,000 after buying an additional 663 shares during the period. Finally, LifeGuide Financial Advisors LLC raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 9.7% during the 2nd quarter. LifeGuide Financial Advisors LLC now owns 8,259 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 733 shares during the last quarter.

Direxion Daily Small Cap Bull 3X Shares Stock Performance

Direxion Daily Small Cap Bull 3X Shares stock traded up $2.54 during mid-day trading on Friday, reaching $41.50. The stock had a trading volume of 14,910,154 shares, compared to its average volume of 19,676,711. The stock’s 50-day simple moving average is $41.31 and its 200-day simple moving average is $39.05. The firm has a market capitalization of $2.59 billion, a PE ratio of 13.84 and a beta of 3.74. Direxion Daily Small Cap Bull 3X Shares has a fifty-two week low of $21.58 and a fifty-two week high of $51.14.

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.