Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Share Price Pass Above 200-Day Moving Average – What’s Next?

Shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $89.59 and traded as high as $92.54. Direxion Daily Technology Bull 3X Shares shares last traded at $91.88, with a volume of 1,483,905 shares.

Direxion Daily Technology Bull 3X Shares Price Performance

The firm has a market cap of $3.64 billion, a PE ratio of 50.15 and a beta of 4.03. The firm has a 50-day simple moving average of $94.85 and a 200 day simple moving average of $89.61.

Hedge Funds Weigh In On Direxion Daily Technology Bull 3X Shares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its holdings in Direxion Daily Technology Bull 3X Shares by 28.9% in the 3rd quarter. Barclays PLC now owns 7,345 shares of the exchange traded fund’s stock worth $643,000 after buying an additional 1,645 shares in the last quarter. Triton Wealth Management PLLC bought a new stake in Direxion Daily Technology Bull 3X Shares in the 3rd quarter worth about $960,000. Stratos Wealth Advisors LLC increased its holdings in Direxion Daily Technology Bull 3X Shares by 0.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 24,764 shares of the exchange traded fund’s stock worth $2,168,000 after buying an additional 232 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Direxion Daily Technology Bull 3X Shares by 4,000.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 920 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in Direxion Daily Technology Bull 3X Shares by 27.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 15,094 shares of the exchange traded fund’s stock worth $1,470,000 after buying an additional 3,257 shares in the last quarter.

About Direxion Daily Technology Bull 3X Shares

The Direxion Daily Technology Bull 3X Shares (TECL) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies. TECL was launched on Dec 17, 2008 and is managed by Direxion.