Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $80.78, but opened at $83.12. Direxion Daily Technology Bull 3X Shares shares last traded at $81.71, with a volume of 133,408 shares trading hands.
Direxion Daily Technology Bull 3X Shares Price Performance
The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 50.15 and a beta of 4.03. The firm has a fifty day simple moving average of $82.84 and a two-hundred day simple moving average of $82.69.
Institutional Trading of Direxion Daily Technology Bull 3X Shares
Large investors have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares during the fourth quarter worth about $213,000. Tucker Asset Management LLC lifted its position in Direxion Daily Technology Bull 3X Shares by 67.3% during the fourth quarter. Tucker Asset Management LLC now owns 7,306 shares of the exchange traded fund’s stock valued at $487,000 after purchasing an additional 2,939 shares during the period. EP Wealth Advisors LLC boosted its holdings in Direxion Daily Technology Bull 3X Shares by 11.7% in the fourth quarter. EP Wealth Advisors LLC now owns 48,661 shares of the exchange traded fund’s stock valued at $3,246,000 after purchasing an additional 5,091 shares during the last quarter. Ogborne Capital Management LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares in the fourth quarter valued at $1,668,000. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 1st quarter worth about $321,000.
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.
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