Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Stock Price Pass Above 200-Day Moving Average – Here’s Why

Shares of Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $61.41 and traded as high as $73.30. Direxion Daily Small Cap Bull 3X Shares shares last traded at $71.59, with a volume of 4,604,040 shares traded.

Direxion Daily Small Cap Bull 3X Shares Stock Up 2.1%

The company has a market cap of $1.43 billion, a PE ratio of 17.29 and a beta of 3.31. The stock has a 50-day simple moving average of $71.95 and a 200 day simple moving average of $61.49.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% during the fourth 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 last quarter. IMC Chicago LLC acquired a new position in shares of Direxion Daily Small Cap Bull 3X Shares in the 1st quarter worth approximately $1,714,000. Royal Bank of Canada lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1,020,085.0% in the 1st quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock worth $9,004,000 after acquiring an additional 204,017 shares during the last quarter. Momentum Wealth Planning LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 1st quarter worth approximately $2,616,000. Finally, RBF Capital LLC purchased a new position in shares of Direxion Daily Small Cap Bull 3X Shares during the 4th quarter worth approximately $683,000.

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.