Donalies Financial Planning LLC Takes $733,000 Position in Direxion Daily Technology Bull 3X Shares $TECL

Donalies Financial Planning LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the fourth quarter, Holdings Channel.com reports. The firm acquired 6,240 shares of the exchange traded fund’s stock, valued at approximately $733,000.

A number of other large investors also recently modified their holdings of the company. Ogborne Capital Management LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $2,937,000. Mariner LLC boosted its position in shares of Direxion Daily Technology Bull 3X Shares by 5.3% in the fourth quarter. Mariner LLC now owns 45,805 shares of the exchange traded fund’s stock valued at $5,382,000 after acquiring an additional 2,295 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $88,000. Group One Trading LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at approximately $952,000. Finally, Simplex Trading LLC boosted its position in shares of Direxion Daily Technology Bull 3X Shares by 226.2% in the fourth quarter. Simplex Trading LLC now owns 15,468 shares of the exchange traded fund’s stock valued at $1,817,000 after acquiring an additional 10,726 shares during the period.

Direxion Daily Technology Bull 3X Shares Trading Down 8.1%

TECL stock opened at $219.88 on Wednesday. The firm has a 50 day moving average of $179.09 and a 200-day moving average of $135.20. Direxion Daily Technology Bull 3X Shares has a 12 month low of $75.16 and a 12 month high of $275.40. The firm has a market capitalization of $7.18 billion, a P/E ratio of 36.87 and a beta of 4.12.

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.