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) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.40 and traded as high as $61.54. Direxion Daily Small Cap Bull 3X Shares shares last traded at $60.57, with a volume of 7,439,537 shares.

Direxion Daily Small Cap Bull 3X Shares Trading Up 1.1%

The company has a market cap of $1.64 billion, a P/E ratio of 17.29 and a beta of 3.23. The business’s 50 day simple moving average is $50.45 and its 200 day simple moving average is $49.40.

Institutional Investors Weigh In On Direxion Daily Small Cap Bull 3X Shares

A number of institutional investors have recently added to or reduced their stakes in TNA. Northwestern Mutual Wealth Management Co. grew its holdings in 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 buying an additional 869,736 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the 4th quarter valued at approximately $21,919,000. Sollinda Capital Management LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at approximately $19,753,000. Axxcess Wealth Management LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at approximately $5,823,000. Finally, Jump Financial LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares during the 3rd quarter valued at approximately $4,832,000.

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.