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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.62 and traded as high as $54.85. Direxion Daily Small Cap Bull 3X Shares shares last traded at $54.06, with a volume of 10,759,062 shares traded.

Direxion Daily Small Cap Bull 3X Shares Trading Up 0.2%

The stock has a 50-day moving average price of $52.23 and a 200 day moving average price of $46.62. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 17.29 and a beta of 3.42.

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

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Direxion Daily Small Cap Bull 3X Shares by 7,906,690.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock worth $39,608,000 after acquiring an additional 869,736 shares during the last quarter. Sollinda Capital Management LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the 3rd quarter valued at $19,753,000. Elevatus Welath Management acquired a new stake in Direxion Daily Small Cap Bull 3X Shares during the 2nd quarter worth $6,801,000. Flow Traders U.S. LLC boosted its stake in Direxion Daily Small Cap Bull 3X Shares by 282.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 236,805 shares of the exchange traded fund’s stock worth $7,942,000 after purchasing an additional 174,934 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Direxion Daily Small Cap Bull 3X Shares during the third quarter worth $5,823,000.

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.