IMC Chicago LLC Sells 33,394 Shares of Direxion Daily Technology Bull 3X Shares $TECL

IMC Chicago LLC decreased its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 59.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,359 shares of the exchange traded fund’s stock after selling 33,394 shares during the period. IMC Chicago LLC owned 0.07% of Direxion Daily Technology Bull 3X Shares worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter worth approximately $1,126,000. Ogborne Capital Management LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at approximately $2,937,000. Halbert Hargrove Global Advisors LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 1st quarter worth approximately $346,000. Donalies Financial Planning LLC bought a new position in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth approximately $733,000. Finally, Virtu Financial LLC raised its holdings in Direxion Daily Technology Bull 3X Shares by 1,035.9% during the 4th quarter. Virtu Financial LLC now owns 28,660 shares of the exchange traded fund’s stock worth $3,367,000 after purchasing an additional 26,137 shares during the last quarter.

Direxion Daily Technology Bull 3X Shares Stock Performance

Shares of NYSEARCA TECL opened at $197.13 on Thursday. The company’s 50 day moving average price is $212.60 and its 200-day moving average price is $148.00. Direxion Daily Technology Bull 3X Shares has a 52-week low of $75.16 and a 52-week high of $275.40. The company has a market capitalization of $5.72 billion, a P/E ratio of 36.87 and a beta of 4.11.

Direxion Daily Technology Bull 3X Shares Profile

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.