Direxion Daily Small Cap Bull 3X ETF (NYSEARCA:TNA) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Direxion Daily Small Cap Bull 3X ETF (NYSEARCA:TNA)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $62.89 and traded as high as $69.94. Direxion Daily Small Cap Bull 3X ETF shares last traded at $68.98, with a volume of 2,593,072 shares traded.

Direxion Daily Small Cap Bull 3X ETF Stock Performance

The business’s fifty day moving average price is $71.28 and its 200-day moving average price is $62.96. The stock has a market cap of $1.25 billion, a PE ratio of 17.29 and a beta of 3.31.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Direxion Daily Small Cap Bull 3X ETF by 7,906,690.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 869,747 shares of the exchange traded fund’s stock worth $39,608,000 after purchasing an additional 869,736 shares during the period. Quadrature Capital Ltd bought a new position in shares of Direxion Daily Small Cap Bull 3X ETF during the 4th quarter valued at $21,919,000. UBS Group AG lifted its holdings in shares of Direxion Daily Small Cap Bull 3X ETF by 45.4% during the 3rd quarter. UBS Group AG now owns 298,311 shares of the exchange traded fund’s stock valued at $13,496,000 after buying an additional 93,197 shares during the period. Royal Bank of Canada boosted its stake in shares of Direxion Daily Small Cap Bull 3X ETF by 1,020,085.0% in the 1st quarter. Royal Bank of Canada now owns 204,037 shares of the exchange traded fund’s stock worth $9,004,000 after buying an additional 204,017 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Direxion Daily Small Cap Bull 3X ETF by 131.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 121,176 shares of the exchange traded fund’s stock worth $4,064,000 after buying an additional 68,916 shares during the last quarter.

Direxion Daily Small Cap Bull 3X ETF 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.