Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL) Shares Gap Up – What’s Next?

Direxion Daily Technology Bull 3X ETF (NYSEARCA:TECL) gapped up prior to trading on Wednesday. The stock had previously closed at $139.25, but opened at $151.01. Direxion Daily Technology Bull 3X ETF shares last traded at $151.3410, with a volume of 214,290 shares changing hands.

Direxion Daily Technology Bull 3X ETF Trading Down 1.1%

The firm has a market capitalization of $4.50 billion, a PE ratio of 33.07 and a beta of 4.18. The stock’s 50 day moving average price is $203.02 and its two-hundred day moving average price is $172.29.

Institutional Trading of Direxion Daily Technology Bull 3X ETF

A number of large investors have recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new stake in shares of Direxion Daily Technology Bull 3X ETF during the third quarter worth about $5,569,000. Valmark Advisers Inc. purchased a new position in shares of Direxion Daily Technology Bull 3X ETF during the third quarter valued at approximately $521,000. Fisher Asset Management LLC acquired a new stake in Direxion Daily Technology Bull 3X ETF during the third quarter worth approximately $258,000. StoneX Group Inc. acquired a new stake in Direxion Daily Technology Bull 3X ETF during the third quarter worth approximately $577,000. Finally, Verus Capital Partners LLC acquired a new stake in Direxion Daily Technology Bull 3X ETF during the third quarter worth approximately $698,000.

Direxion Daily Technology Bull 3X ETF 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.