Lido Advisors LLC Cuts Stock Holdings in Direxion Daily Technology Bull 3X Shares $TECL

Lido Advisors LLC reduced its stake in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL) by 50.7% during the first quarter, HoldingsChannel.com reports. The fund owned 2,908 shares of the exchange traded fund’s stock after selling 2,996 shares during the quarter. Lido Advisors LLC’s holdings in Direxion Daily Technology Bull 3X Shares were worth $252,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. West Michigan Advisors LLC boosted its holdings in shares of Direxion Daily Technology Bull 3X Shares by 2.0% during the 4th quarter. West Michigan Advisors LLC now owns 5,100 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 100 shares during the last quarter. Barclays PLC lifted its position in shares of Direxion Daily Technology Bull 3X Shares by 1.6% in the third quarter. Barclays PLC now owns 6,250 shares of the exchange traded fund’s stock worth $777,000 after buying an additional 100 shares in the last quarter. Millington Financial Advisors LLC boosted its stake in Direxion Daily Technology Bull 3X Shares by 2.7% during the fourth quarter. Millington Financial Advisors LLC now owns 4,656 shares of the exchange traded fund’s stock valued at $500,000 after buying an additional 123 shares during the last quarter. Socha Financial Group LLC boosted its stake in Direxion Daily Technology Bull 3X Shares by 4.5% during the fourth quarter. Socha Financial Group LLC now owns 2,960 shares of the exchange traded fund’s stock valued at $348,000 after buying an additional 127 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Direxion Daily Technology Bull 3X Shares by 2.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,245 shares of the exchange traded fund’s stock valued at $616,000 after buying an additional 130 shares in the last quarter.

Direxion Daily Technology Bull 3X Shares Price Performance

NYSEARCA:TECL opened at $173.55 on Friday. Direxion Daily Technology Bull 3X Shares has a 1 year low of $75.16 and a 1 year high of $275.40. The stock’s 50 day simple moving average is $208.24 and its two-hundred day simple moving average is $152.50. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 36.87 and a beta of 4.11.

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.