Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $202.59, but opened at $218.45. Direxion Daily Technology Bull 3X Shares shares last traded at $217.76, with a volume of 318,829 shares changing hands.
Direxion Daily Technology Bull 3X Shares Trading Up 9.7%
The stock’s 50-day moving average is $161.38 and its 200-day moving average is $130.36. The stock has a market cap of $7.26 billion, a P/E ratio of 36.87 and a beta of 4.12.
Hedge Funds Weigh In On Direxion Daily Technology Bull 3X Shares
A number of institutional investors and hedge funds have recently bought and sold shares of TECL. BankPlus Trust Department bought a new position in Direxion Daily Technology Bull 3X Shares in the 4th quarter valued at about $47,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Direxion Daily Technology Bull 3X Shares by 99.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 601 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 300 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 4th quarter valued at about $88,000. Raymond James Financial Inc. bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 2nd quarter valued at about $94,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Direxion Daily Technology Bull 3X Shares during the 3rd quarter valued at about $117,000.
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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