Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $239.87, but opened at $211.27. Direxion Daily Technology Bull 3X Shares shares last traded at $217.03, with a volume of 318,366 shares.
Direxion Daily Technology Bull 3X Shares Stock Down 10.3%
The stock’s 50-day simple moving average is $189.73 and its 200 day simple moving average is $138.24. The firm has a market cap of $7.02 billion, a P/E ratio of 36.87 and a beta of 4.12.
Institutional Investors Weigh In On Direxion Daily Technology Bull 3X Shares
Several institutional investors and hedge funds have recently made changes to their positions in TECL. BankPlus Trust Department bought a new stake in Direxion Daily Technology Bull 3X Shares in the fourth quarter worth approximately $47,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 300 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter worth approximately $88,000. Wealth Watch Advisors INC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter worth approximately $117,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $94,000.
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.
Read More
- Five stocks we like better than Direxion Daily Technology Bull 3X Shares
- How Intel Is Packaging the Future of American Chips
- These AI Stocks Have Insider Selling, But Buyers Still Have a Reason to Stay
- Top Consumer Discretionary Brands Add Buyback Capacity Amid Weakness
- Micron’s Sudden Plunge May Be an AI Buying Chance
Receive News & Ratings for Direxion Daily Technology Bull 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Technology Bull 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
