Direxion Daily Technology Bull 3X Shares $TECL Shares Sold by Group One Trading LLC

Group One Trading LLC lessened its stake in shares of Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 73.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,176 shares of the exchange traded fund’s stock after selling 5,926 shares during the quarter. Group One Trading LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $188,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. BankPlus Trust Department purchased a new position in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $47,000. Northwestern Mutual Wealth Management Co. raised its position in 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 during the last quarter. Kestra Advisory Services LLC purchased a new position in Direxion Daily Technology Bull 3X Shares during the 4th quarter worth $88,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth $94,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 3rd quarter worth $117,000.

Direxion Daily Technology Bull 3X Shares Stock Down 0.8%

Shares of NYSEARCA:TECL opened at $191.29 on Thursday. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 36.87 and a beta of 4.11. The firm’s 50-day simple moving average is $211.91 and its 200-day simple moving average is $150.26. Direxion Daily Technology Bull 3X Shares has a fifty-two week low of $75.16 and a fifty-two week high of $275.40.

Direxion Daily Technology Bull 3X Shares Company 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.