Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $218.90, but opened at $204.98. Direxion Daily Technology Bull 3X Shares shares last traded at $204.02, with a volume of 216,050 shares changing hands.
Direxion Daily Technology Bull 3X Shares Price Performance
The stock has a 50 day simple moving average of $202.17 and a two-hundred day simple moving average of $160.61. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 36.87 and a beta of 4.13.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in Direxion Daily Technology Bull 3X Shares by 99.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 300 shares during the last quarter. Jump Financial LLC acquired a new position in Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at about $1,963,000. Raymond James Financial Inc. purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at approximately $94,000. Modern Wealth Management LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter valued at approximately $2,279,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth approximately $872,000.
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.
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