Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Share Price Cross Above 200-Day Moving Average – Here’s What Happened

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $57.16 and traded as high as $71.06. Direxion Daily Small Cap Bull 3X Shares shares last traded at $69.86, with a volume of 5,338,670 shares.

Direxion Daily Small Cap Bull 3X Shares Stock Down 2.9%

The business’s fifty day moving average is $67.45 and its 200-day moving average is $57.16. The company has a market cap of $1.34 billion, a PE ratio of 17.29 and a beta of 3.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TNA. Northwestern Mutual Wealth Management Co. grew its position in shares of Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock valued at $39,608,000 after acquiring an additional 869,736 shares during the period. Quadrature Capital Ltd bought a new stake in Direxion Daily Small Cap Bull 3X Shares during the fourth quarter valued at about $21,919,000. UBS Group AG increased its position in Direxion Daily Small Cap Bull 3X Shares by 45.4% in the third quarter. UBS Group AG now owns 298,311 shares of the exchange traded fund’s stock worth $13,496,000 after buying an additional 93,197 shares in the last quarter. Royal Bank of Canada increased its position in Direxion Daily Small Cap Bull 3X Shares by 1,020,085.0% in the first quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock worth $9,004,000 after buying an additional 204,017 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 131.9% in the second quarter. Tower Research Capital LLC TRC now owns 121,176 shares of the exchange traded fund’s stock worth $4,064,000 after buying an additional 68,916 shares during the period.

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.