Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) shares dropped 5.8% during mid-day trading on Tuesday . The company traded as low as $113.44 and last traded at $114.9410. Approximately 804,515 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 1,556,157 shares. The stock had previously closed at $122.08.
Direxion Daily Technology Bull 3X Shares Stock Performance
The business has a 50 day simple moving average of $128.03 and a 200-day simple moving average of $103.04. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 36.87 and a beta of 3.66.
Institutional Trading of Direxion Daily Technology Bull 3X Shares
Several institutional investors have recently made changes to their positions in TECL. Gotham Asset Management LLC purchased a new position in Direxion Daily Technology Bull 3X Shares in the third quarter worth approximately $14,636,000. Oxinas Partners Wealth Management LLC lifted its stake in shares of Direxion Daily Technology Bull 3X Shares by 85.9% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 55,034 shares of the exchange traded fund’s stock valued at $5,150,000 after purchasing an additional 25,435 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth $2,299,000. Modern Wealth Management LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $2,279,000. Finally, Jump Financial LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter worth about $1,963,000.
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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