IMC Chicago LLC Invests $6.55 Million in Direxion Daily Technology Bull 3X Shares $TECL

IMC Chicago LLC purchased a new position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,753 shares of the exchange traded fund’s stock, valued at approximately $6,550,000. IMC Chicago LLC owned about 0.17% of Direxion Daily Technology Bull 3X Shares at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BankPlus Trust Department bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the 4th quarter worth $47,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 99.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 300 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the 2nd quarter worth $94,000. Wealth Watch Advisors INC bought a new position in shares of Direxion Daily Technology Bull 3X Shares in the 3rd quarter worth $117,000. Finally, Headlands Technologies LLC increased its holdings in shares of Direxion Daily Technology Bull 3X Shares by 164.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,597 shares of the exchange traded fund’s stock worth $149,000 after buying an additional 994 shares during the last quarter.

Direxion Daily Technology Bull 3X Shares Price Performance

Shares of NYSEARCA:TECL opened at $145.10 on Thursday. The company’s fifty day moving average price is $107.55 and its 200-day moving average price is $117.51. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 36.87 and a beta of 3.71. Direxion Daily Technology Bull 3X Shares has a one year low of $50.26 and a one year high of $155.50.

About Direxion Daily Technology Bull 3X Shares

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.