Direxion Small Cap Bull 3X Shares (NYSEARCA:TNA) saw unusually large options trading on Friday. Stock traders acquired 737 call options on the company. This is an increase of approximately 155% compared to the average volume of 289 call options.

Shares of Direxion Small Cap Bull 3X Shares (NYSEARCA:TNA) opened at 50.86 on Monday. The firm has a 50-day moving average price of $56.30 and a 200-day moving average price of $53.63. Direxion Small Cap Bull 3X Shares has a 52-week low of $31.36 and a 52-week high of $60.28.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. raised its position 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 valued at $107,000 after buying an additional 1,057 shares during the period. Sigma Planning Corp raised its position 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 valued at $205,000 after buying an additional 1,637 shares during the period. Traynor Capital Management Inc. raised its position 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 valued at $834,000 after buying an additional 1,490 shares during the period. SG Americas Securities LLC raised its position in Direxion Small Cap Bull 3X Shares by 51.6% in the second quarter. SG Americas Securities LLC now owns 28,800 shares of the exchange traded fund’s stock valued at $1,606,000 after buying an additional 9,800 shares during the period. Finally, Virtu KCG Holdings LLC raised its position in Direxion Small Cap Bull 3X Shares by 991.8% in the second quarter. Virtu KCG Holdings LLC now owns 38,946 shares of the exchange traded fund’s stock valued at $2,171,000 after buying an additional 35,379 shares during the period.

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About Direxion 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.

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