Direxion Daily Small Cap Bull 3X Shares (TNA) Shares Gap Up to $57.87

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Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) gapped up prior to trading on Tuesday . The stock had previously closed at $56.45, but opened at $57.87. Direxion Daily Small Cap Bull 3X Shares shares last traded at $59.70, with a volume of 5249250 shares trading hands.

A number of hedge funds have recently modified their holdings of TNA. Thrivent Financial for Lutherans acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at about $1,847,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at about $210,000. Eagle Asset Management Inc. bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter valued at about $2,777,000. Bank of New York Mellon Corp bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter valued at about $244,000. Finally, SP Asset Management boosted its position in shares of Direxion Daily Small Cap Bull 3X Shares by 35.3% during the 4th quarter. SP Asset Management now owns 73,088 shares of the exchange traded fund’s stock valued at $3,076,000 after purchasing an additional 19,068 shares in the last quarter.

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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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