Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Cross Above 200-Day Moving Average – What’s Next?

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $55.98 and traded as high as $74.18. Direxion Daily Small Cap Bull 3X Shares shares last traded at $74.07, with a volume of 5,327,096 shares.

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

The stock has a market capitalization of $1.81 billion, a PE ratio of 17.29 and a beta of 3.32. The firm’s fifty day moving average is $65.69 and its 200-day moving average is $55.98.

Hedge Funds Weigh In On Direxion Daily Small Cap Bull 3X Shares

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Direxion Daily Small Cap Bull 3X Shares by 5,290.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 593 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 582 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Direxion Daily Small Cap Bull 3X Shares in the 4th quarter valued at approximately $31,000. Parallel Advisors LLC increased its holdings in Direxion Daily Small Cap Bull 3X Shares by 147.5% in the 4th quarter. Parallel Advisors LLC now owns 755 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 450 shares during the last quarter. Bank of America Corp DE raised its position in Direxion Daily Small Cap Bull 3X Shares by 402.3% in the fourth 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 period. Finally, Western Wealth Management LLC purchased a new stake in Direxion Daily Small Cap Bull 3X Shares in the first quarter valued at approximately $38,000.

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.