Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) Short Interest Up 116.4% in January

Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 571,480 shares, an increase of 116.4% from the December 31st total of 264,050 shares. Based on an average daily trading volume, of 944,815 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.7% of the company’s stock are short sold. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 944,815 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC bought a new stake in Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at approximately $6,550,000. West Michigan Advisors LLC grew its stake in Direxion Daily Technology Bull 3X Shares by 2.0% during the fourth quarter. West Michigan Advisors LLC now owns 5,100 shares of the exchange traded fund’s stock valued at $599,000 after acquiring an additional 100 shares in the last quarter. APS Management Group Inc. increased its holdings in Direxion Daily Technology Bull 3X Shares by 8.6% in the 4th quarter. APS Management Group Inc. now owns 2,229 shares of the exchange traded fund’s stock valued at $262,000 after acquiring an additional 177 shares during the last quarter. BankPlus Trust Department bought a new stake in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at $47,000. Finally, Oxinas Partners LLC lifted its stake in Direxion Daily Technology Bull 3X Shares by 13.0% in the 4th quarter. Oxinas Partners LLC now owns 2,000 shares of the exchange traded fund’s stock worth $235,000 after purchasing an additional 230 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Trading Down 1.3%

TECL traded down $1.63 during trading on Friday, hitting $121.09. 184,620 shares of the company’s stock traded hands, compared to its average volume of 1,065,028. Direxion Daily Technology Bull 3X Shares has a 12-month low of $32.52 and a 12-month high of $155.50. The company’s 50 day simple moving average is $121.56 and its two-hundred day simple moving average is $118.16. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 36.87 and a beta of 3.66.

Direxion Daily Technology Bull 3X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $8.0376 dividend. This represents a $32.15 dividend on an annualized basis and a yield of 26.6%. The ex-dividend date of this dividend was Wednesday, December 10th.

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.