Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) Shares Pass Above Two Hundred Day Moving Average of $33.91

Direxion Daily Small Cap Bull 3X Shares (NYSEARCA:TNA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.91 and traded as high as $35.97. Direxion Daily Small Cap Bull 3X Shares shares last traded at $35.05, with a volume of 6,206,465 shares.

Direxion Daily Small Cap Bull 3X Shares Price Performance

The stock has a 50-day moving average price of $36.43 and a 200 day moving average price of $33.88. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 11.78 and a beta of 3.41.

Institutional Trading of Direxion Daily Small Cap Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SP Asset Management LLC increased its position in Direxion Daily Small Cap Bull 3X Shares by 0.7% in the 2nd quarter. SP Asset Management LLC now owns 81,793 shares of the exchange traded fund’s stock valued at $2,886,000 after acquiring an additional 531 shares during the period. LifeGuide Financial Advisors LLC increased its position in Direxion Daily Small Cap Bull 3X Shares by 7.1% during the 1st quarter. LifeGuide Financial Advisors LLC now owns 8,792 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 586 shares during the period. Retirement Planning Co of New England Inc. increased its position in Direxion Daily Small Cap Bull 3X Shares by 5.7% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 11,514 shares of the exchange traded fund’s stock worth $406,000 after purchasing an additional 616 shares during the period. IFP Advisors Inc increased its position in Direxion Daily Small Cap Bull 3X Shares by 27.6% during the 4th quarter. IFP Advisors Inc now owns 2,960 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 640 shares during the period. Finally, Osaic Holdings Inc. increased its position in Direxion Daily Small Cap Bull 3X Shares by 279.0% during the 2nd quarter. Osaic Holdings Inc. now owns 974 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 717 shares during the period.

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.