Socha Financial Group LLC Takes Position in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL)

Socha Financial Group LLC purchased a new stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,774 shares of the exchange traded fund’s stock, valued at approximately $243,000. Direxion Daily Technology Bull 3X Shares accounts for approximately 0.1% of Socha Financial Group LLC’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC increased its position in shares of Direxion Daily Technology Bull 3X Shares by 0.9% in the third quarter. Stratos Wealth Advisors LLC now owns 24,764 shares of the exchange traded fund’s stock worth $2,168,000 after acquiring an additional 232 shares in the last quarter. Oxinas Partners Wealth Management LLC grew its position in Direxion Daily Technology Bull 3X Shares by 3.3% during the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 19,099 shares of the exchange traded fund’s stock worth $1,672,000 after purchasing an additional 607 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Direxion Daily Technology Bull 3X Shares during the 1st quarter valued at $72,000. Farther Finance Advisors LLC lifted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 4,000.0% in the third quarter. Farther Finance Advisors LLC now owns 943 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 920 shares in the last quarter. Finally, Valmark Advisers Inc. acquired a new stake in shares of Direxion Daily Technology Bull 3X Shares in the second quarter worth $201,000.

Direxion Daily Technology Bull 3X Shares Trading Up 6.6 %

NYSEARCA:TECL traded up $5.73 on Wednesday, hitting $92.57. 949,789 shares of the company’s stock traded hands, compared to its average volume of 1,894,348. The firm has a 50-day moving average price of $84.72 and a 200-day moving average price of $85.15. The company has a market cap of $3.92 billion, a PE ratio of 50.15 and a beta of 4.03. Direxion Daily Technology Bull 3X Shares has a 1 year low of $49.56 and a 1 year high of $112.78.

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.