Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Trading Down 16.6% – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price dropped 16.6% on Thursday . The company traded as low as $26.23 and last traded at $25.53. Approximately 4,420,175 shares were traded during trading, a decline of 71% from the average daily volume of 15,351,929 shares. The stock had previously closed at $30.63.

Direxion Daily Small Cap Bull 3X Shares Trading Down 17.4 %

The stock has a market capitalization of $1.48 billion, a P/E ratio of 14.70 and a beta of 3.52. The company has a 50-day moving average price of $37.64 and a two-hundred day moving average price of $43.27.

Direxion Daily Small Cap Bull 3X Shares Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.1033 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Direxion Daily Small Cap Bull 3X Shares’s previous dividend of $0.03.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at about $1,564,000. BNP Paribas Financial Markets bought a new position in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at $372,000. Farther Finance Advisors LLC boosted its holdings in Direxion Daily Small Cap Bull 3X Shares by 154.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 925 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter worth $11,528,000. Finally, Sims Investment Management LLC purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at about $1,256,000.

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.