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

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $57.16 and traded as high as $71.06. Direxion Daily Small Cap Bull 3X Shares shares last traded at $69.86, with a volume of 5,338,670 shares trading hands.

Direxion Daily Small Cap Bull 3X Shares Stock Down 2.9%

The firm’s fifty day moving average price is $67.45 and its two-hundred day moving average price is $57.16. The stock has a market capitalization of $1.34 billion, a PE ratio of 17.29 and a beta of 3.29.

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

A number of large investors have recently added to or reduced their stakes in the stock. Ellis Investment Partners LLC grew its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 1.3% in the fourth quarter. Ellis Investment Partners LLC now owns 15,633 shares of the exchange traded fund’s stock worth $712,000 after acquiring an additional 205 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Direxion Daily Small Cap Bull 3X Shares by 2.1% in the second quarter. Orion Porfolio Solutions LLC now owns 16,282 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 328 shares during the period. Parallel Advisors LLC boosted its position in Direxion Daily Small Cap Bull 3X Shares by 147.5% in the fourth quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 450 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 during the last quarter. Finally, Crosspoint Financial LLC boosted its position in Direxion Daily Small Cap Bull 3X Shares by 11.1% in the fourth quarter. Crosspoint Financial LLC now owns 6,019 shares of the exchange traded fund’s stock worth $274,000 after purchasing an additional 601 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.