Direxion Small Cap Bull 3X Shares Sees Unusually Large Options Volume (TNA)

Direxion Small Cap Bull 3X Shares (NYSEARCA:TNA) saw some unusual options trading activity on Friday. Traders acquired 737 call options on the stock. This represents an increase of approximately 155% compared to the typical volume of 289 call options.

A number of large investors have recently added to or reduced their stakes in TNA. Advisor Group Inc. increased its stake in Direxion Small Cap Bull 3X Shares by 104.3% in the second quarter. Advisor Group Inc. now owns 2,070 shares of the exchange traded fund’s stock worth $107,000 after buying an additional 1,057 shares in the last quarter. Sigma Planning Corp increased its stake in Direxion Small Cap Bull 3X Shares by 80.4% in the second quarter. Sigma Planning Corp now owns 3,674 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 1,637 shares in the last quarter. Afam Capital Inc. increased its stake in Direxion Small Cap Bull 3X Shares by 95.6% in the second quarter. Afam Capital Inc. now owns 7,132 shares of the exchange traded fund’s stock worth $398,000 after buying an additional 3,486 shares in the last quarter. Traynor Capital Management Inc. increased its stake in Direxion Small Cap Bull 3X Shares by 11.5% in the second quarter. Traynor Capital Management Inc. now owns 14,485 shares of the exchange traded fund’s stock worth $834,000 after buying an additional 1,490 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Direxion Small Cap Bull 3X Shares by 324.0% in the second quarter. Royal Bank of Canada now owns 26,257 shares of the exchange traded fund’s stock worth $1,464,000 after buying an additional 20,065 shares in the last quarter.

Shares of Direxion Small Cap Bull 3X Shares (NYSEARCA:TNA) opened at 49.07 on Friday. Direxion Small Cap Bull 3X Shares has a 12-month low of $31.36 and a 12-month high of $60.28. The firm’s 50-day moving average is $55.81 and its 200 day moving average is $77.12.

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Direxion Small Cap Bull 3X Shares Company Profile

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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