Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Stock Pass Above Two Hundred Day Moving Average – Time to Sell?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.13 and traded as high as $73.33. Direxion Daily Small Cap Bull 3X Shares shares last traded at $69.95, with a volume of 4,324,766 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Trading Down 4.1%

The business has a 50 day simple moving average of $72.09 and a two-hundred day simple moving average of $62.13. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 17.29 and a beta of 3.31.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Direxion Daily Small Cap Bull 3X Shares by 5,290.9% in the fourth 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 in the last quarter. Tucker Asset Management LLC bought a new position in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $31,000. Parallel Advisors LLC lifted its holdings in Direxion Daily Small Cap Bull 3X Shares by 147.5% during the 4th quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 450 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 1st quarter worth approximately $38,000. Finally, Bank of America Corp DE increased its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 402.3% in the 4th quarter. Bank of America Corp DE now owns 874 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 700 shares during the last quarter.

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