Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Stock Cross Above 200 Day Moving Average – What’s Next?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $59.17 and traded as high as $70.77. Direxion Daily Small Cap Bull 3X Shares shares last traded at $68.98, with a volume of 3,831,876 shares.

Direxion Daily Small Cap Bull 3X Shares Trading Down 4.9%

The firm has a market capitalization of $1.27 billion, a P/E ratio of 17.29 and a beta of 3.29. The company has a 50-day moving average of $69.59 and a 200-day moving average of $59.30.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TNA. Northwestern Mutual Wealth Management Co. raised its holdings in Direxion Daily Small Cap Bull 3X Shares by 5,290.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 582 shares during the last quarter. Tucker Asset Management LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares in the fourth quarter valued at $31,000. Parallel Advisors LLC boosted its position in Direxion Daily Small Cap Bull 3X Shares by 147.5% during the fourth quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 450 shares during the last quarter. Bank of America Corp DE grew its holdings in Direxion Daily Small Cap Bull 3X Shares by 402.3% during the 4th quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 700 shares during the period. Finally, Western Wealth Management LLC bought a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 1st quarter worth about $38,000.

Direxion Daily 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. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.