Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Share Price Cross Above Two Hundred Day Moving Average – Should You Sell?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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’s fifty day simple moving average is $52.23 and its 200 day simple moving average is $46.62. The company has a market cap 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

A number of hedge funds have recently modified their holdings of TNA. Bank of America Corp DE boosted its holdings in 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 purchasing an additional 700 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Direxion Daily Small Cap Bull 3X Shares by 11.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,241 shares of the exchange traded fund’s stock valued at $241,000 after buying an additional 854 shares during the period. NewEdge Advisors LLC raised its position in shares of Direxion Daily Small Cap Bull 3X Shares by 36.1% during the 1st quarter. NewEdge Advisors LLC now owns 12,365 shares of the exchange traded fund’s stock valued at $362,000 after buying an additional 3,280 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Direxion Daily Small Cap Bull 3X Shares in the second quarter valued at approximately $2,170,000. Finally, Belvedere Trading LLC purchased a new position in Direxion Daily Small Cap Bull 3X Shares in the second quarter worth approximately $344,000.

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.